Bengaluru, July 10 -- A leading Indian solar panel manufacturer is making a strategic financial move. This company plans to divest a 2.4% stake in a listed solar company. The sale, approximately 10 lakh shares, is expected to occur via an Offer for Sale (OFS).

Waaree Energies Limited's stock, with a market capitalisation of Rs. 90,463 crores, rose to Rs. 3,181, hitting the intraday high of up to 1.97 percent from its previous closing price of Rs. 3,119.50. Furthermore, the stock over the past year has given a return of 34.3 percent.

Promoter Stake Sale Waaree Energies, the parent company of Indosolar Limited, is planning to offload up to 10 lakh equity shares (2.4% of its total equity) through an Offer for Sale (OFS) to comply with min...