Waaree Energies’ wholly owned subsidiary -- Waaree Power has received approval to acquire 76% of the share capital of Racemosa Energy (India), which is in the business of manufacturing smart meters. Further, pursuant to the above subscription of shares, Racemosa Energy (India) will become a step-down subsidiary of the company after the closing conditions are fulfilled. The objective of acquisition is to integrating smart meters to strengthen the company’s presence across the energy value chain.
The Board of Directors of the Company at its meeting held on September 18, 2025 has approved the same.
Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.
| Company Name | CMP |
|---|---|
| Havells India | 1305.85 |
| Siemens | 3706.55 |
| Apar Inds | 11474.15 |
| ABB India | 7029.95 |
| Waaree Energies | 3471.45 |
| View more.. | |
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