Investment10 Mar 2026, 06:51 pm
Waaree Energies' Subsidiary to Subscribe United Solar Holdings' Shares for $30M
AI Summary
Waaree Energies Ltd. has disclosed the execution of a Share Subscription Agreement (SSA) between its wholly owned subsidiary, Waaree Solar Americas Inc. (WSA), and United Solar Holdings Inc. (USH). WSA will subscribe approximately 53,68,551 series B preferred shares of USH for a total consideration of approximately USD $30,000,000, subject to certain conditions precedent to closing. This transaction is not a related party transaction and none of the Company’s promoter / promoter group / other group companies have any interest in the above transaction. The Company received the intimation about the Agreement from WSA today at 04:44 p.m. (IST).
Key Highlights
- Waaree Solar Americas Inc. to subscribe approximately 53,68,551 series B preferred shares of United Solar Holdings Inc.
- The total consideration for the shares is approximately USD $30,000,000.
- The transaction is not a related party transaction.
- None of the Company’s promoter / promoter group / other group companies have any interest in the above transaction.
- The Company received the intimation about the Agreement from WSA today at 04:44 p.m. (IST).