Joint Venture27 May 2025, 08:41 pm
Waaree Energies Terminates Share Subscription Agreement with Ewaa Renewable Techno Solutions
AI Summary
Waaree Energies Ltd. has announced the termination of a Share Subscription cum Shareholders Agreement with Ewaa Renewable Techno Solutions Private Limited and its existing shareholders, Mr. Rajjat Kumar Bothra and Mr. Nitin Bothra. The agreement, which was initially signed on December 14, 2024, was terminated on May 27, 2025. The agreement was aimed at acquiring 55% stake in ERTSPL, but due to mutually agreed reasons, it has been terminated.
Key Highlights
- Waaree Energies terminates Share Subscription cum Shareholders Agreement with Ewaa Renewable Techno Solutions
- The agreement was initially signed on December 14, 2024, for acquiring 55% stake in ERTSPL
- The agreement has been terminated on May 27, 2025, due to mutually agreed reasons
- Waaree Power Private Limited, a wholly owned subsidiary of Waaree Energies Ltd., was a party to the agreement
- Mr. Rajjat Kumar Bothra and Mr. Nitin Bothra, existing shareholders of ERTSPL, were also parties to the agreement