Acquisitions16 Jul 2025, 08:11 pm
Waaree Energies Ltd. Calls Off Kamath Transformers Acquisition
AI Summary
Waaree Energies Ltd. has announced that the proposed acquisition of Kamath Transformers Private Limited has not been consummated. This decision comes after the parties were unable to reach an agreement on the terms of a definitive agreement within the agreed timelines, as per the intimation dated May 19, 2025. The company has made this information available on its website, www.waaree.com, and requested for it to be taken on record.
Key Highlights
- Waaree Energies Ltd. has called off the proposed acquisition of Kamath Transformers Private Limited.
- The parties could not agree on the terms of a definitive agreement within the agreed timelines.
- The decision was announced in accordance with Regulation 30 of the SEBI Listing Regulations.
- The information has been made available on the company's website, www.waaree.com.
- Shareholders and stakeholders are requested to take note of this development.