Acquisitions16 Mar 2026, 07:24 pm
Waaree Energies' Subsidiary Completes $30 Mn Acquisition of United Solar Holding Shares
AI Summary
Waaree Energies Ltd has announced that its wholly owned subsidiary, Waaree Solar Americas Inc (WSA), has completed the acquisition of 53,68,551 series B preferred shares of United Solar Holding Inc for a total consideration of approximately USD $30 Mn. This acquisition was first disclosed on December 19, 2025. The transaction was completed today, as per the intimation received at 17:31 p.m. (IST).
Key Highlights
- Waaree Solar Americas Inc, a wholly owned subsidiary of Waaree Energies Ltd, has completed the acquisition of United Solar Holding Inc's series B preferred shares.
- The total consideration for the acquisition is approximately USD $30 Mn.
- The acquisition was completed today, as per the intimation received at 17:31 p.m. (IST).
- This acquisition was first disclosed on December 19, 2025.
- The transaction is in compliance with Reg 30 of SEBI LODR - Obligations and Disclosures Requirements) Regulations, 2015.