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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.


Peers
Company Name CMP
Waaree Energies 2402.10
Apar Industries 15948.30
Havells India 1067.10
Suzlon Energy 37.45
Siemens 3515.00
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