Indosolar Approves Amalgamation With Waaree Energies At Eleven-To-One Ratio

Board approved merger of Indosolar into Waaree Energies via Sections 230-232; 1 Waaree share for every 11 Indosolar shares held on record date. First consolidation move as listed subsidiary; gives holders liquid parent shares, ending suspended-trading overhang and cell-supply dependence driving tolling model. Scheme needs NSE/BSE, NCLT, shareholder/creditor nods; Indosolar to dissolve. Swap backed by dual valuers and ITI fairness opinion; timelines undisclosed.