Acquisitions7 Nov 2025, 08:31 pm
Waaree Energies' Subsidiary Acquires 76% Stake in Racemosa Energy for Rs. 53.20 Crores
AI Summary
Waaree Energies Ltd. has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has acquired a 76% stake in Racemosa Energy (India) Private Limited. The transaction is valued at Rs. 53.20 crores, making Racemosa Energy a step-down subsidiary of Waaree Energies. The acquisition did not involve any related parties and does not require government or regulatory approvals. The transaction was reported to the company at 05:35 p.m. (IST) today.
Key Highlights
- Waaree Energies' subsidiary, Waaree Power Private Limited, acquires 76% stake in Racemosa Energy (India) Private Limited
- Transaction valued at Rs. 53.20 crores
- Racemosa Energy becomes a step-down subsidiary of Waaree Energies
- No related parties involved in the transaction
- No government or regulatory approvals required