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Waaree Energies’ arm acquires 76% stake in Racemosa Energy (India)

08 Nov 2025 Evaluate

Waaree Energies’ wholly owned subsidiary -- Waaree Power (WPPL) has acquired 76% stake in Racemosa Energy (India) for an aggregate consideration of Rs 53.20 crore. Consequently, Racemosa Energy (India) has become step-down subsidiary of the company effective from November 07, 2025.

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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