Waaree Energies share price gains on launching OFS to sell 2.4% stake in arm Indosolar; up 9% in 2 sessions
Shares of Waaree Energies continued their upward momentum on Thursday, July 10, gaining nearly 2 percent in intraday trade. The rise marked the second consecutive session of gains for the solar solutions major, driven by the company’s announcement to divest a part of its stake in Indosolar Ltd. The move aims to align with the minimum public shareholding (MPS) requirement mandated by market regulators, further strengthening compliance and transparency.
Waaree Energies to Offload 2.4% Stake in Indosolar
Waaree Energies, the promoter entity of Indosolar Ltd, announced its plan to sell 10 lakh equity shares, equivalent to 2.4 percent of Indosolar’s total issued and paid-up capital. The sale will be conducted via the offer-for-sale (OFS)
