Acquisitions18 Sept 2025, 09:11 pm
Waaree Energies Ltd. to Acquire 76% Stake in Racemosa Energy (India) Private Limited for Approx. 53 Crores
AI Summary
Waaree Energies Ltd. announced the outcome of its Board Meeting held on September 18, 2025. The Board approved the acquisition of 76% of the share capital of Racemosa Energy (India) Private Limited, a smart meter manufacturing company, by its wholly owned subsidiary Waaree Power Private Limited. The acquisition is subject to execution of definitive agreements, customary closing conditions, and regulatory approvals. Post-acquisition, Racemosa Energy (India) Private Limited will become a step-down subsidiary of Waaree Energies Ltd.
Key Highlights
- Waaree Energies Ltd. to acquire 76% stake in Racemosa Energy (India) Private Limited
- Acquisition to be made by Waaree Power Private Limited, a wholly owned subsidiary
- Racemosa Energy (India) Private Limited is a smart meter manufacturing company
- Transaction is subject to regulatory approvals and customary closing conditions
- Post-acquisition, Racemosa Energy (India) Private Limited will become a step-down subsidiary of Waaree Energies Ltd.