Waaree Energies Share Price Jumps 3% on Stake Sale Plan in Indosolar

Market Performance

Waaree Energies’ share price surged 3% on June 5, breaking a four-day losing streak. The stock was trading at ₹2,962 in early trade, driven by the company’s announcement of selling a 1.15% stake in Indosolar Limited via an Offer for Sale (OFS).

Key Market Highlights:

• 5-day performance: Down 3%
• 1-month gain: Up 9%
• 2025 YTD growth: Up 3%

Main News: Waaree Energies to Sell Stake in Indosolar

Waaree Energies, the sole promoter of Indosolar, plans to sell 4.76 lakh shares (1.15% stake) at a face value of ₹ 10 per share. The OFS aims to comply with SEBI’s public shareholding norms.

OFS Schedule:

• June 5 (T Day): Open for non-retail investors
• June 6 (T+1 Day): Open for retail investors
• Broker: Antique Stock Broking Limited

Company Details: Waaree Energies & Indosolar Stakeholding

As of March 31, 2025, Waaree Energies held a 96.15% stake in Indosolar, while public shareholders owned 3.85%. The OFS will reduce Waaree’s stake, increasing public shareholding.

Summary

• Waaree Energies’ stock rose 3% after announcing an OFS in Indosolar.
• The company will sell 4.76 lakh shares (1.15% stake) to meet SEBI norms.
• OFS opens for institutional investors on June 5 and retail investors on June 6.
• Despite recent volatility, the stock has gained 9% over the past month and 3% year-to-date.