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Waaree Energies’ arm inks pact to acquire 76% stake in Racemosa Energy (India)

27 Sep 2025 Evaluate

Waaree Energies’ wholly owned subsidiary - -Waaree Power (WPPL) has executed the definitive share subscription cum share holders agreement for acquiring 76% stake in Racemosa Energy (India), for an aggregate consideration of around Rs 53 crore. The acquisition is expected to be completed in FY 2025-26 subject to completion of conditions precedents to closing.

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.


Waaree Energies Share Price

3305.80 -105.90 (-3.10%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1238.50
Siemens 3807.00
Apar Inds 11541.30
ABB India 7327.00
Waaree Energies 3305.80
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