Acquisitions11 Jan 2025, 01:15 am
Waaree Energies to Acquire 100% of Enel Green Power India for INR 792 Crores
AI Summary
Waaree Energies Ltd has entered into a Share Purchase Agreement with Enel Green Power Development S.r.I to acquire 100% of the share capital of Enel Green Power India Private Limited for a total amount of upto INR 792 Crores. The acquisition includes approximately 640 MWac / 760 MWpc operational and portfolio under development. Enel Green Power India Private Limited will become a Subsidiary of Waaree Energies Limited upon completion of the acquisition.
Key Highlights
- Waaree Energies to acquire 100% of Enel Green Power India Private Limited for INR 792 Crores
- Enel Green Power India Private Limited owns solar and wind projects in India with a total capacity of approximately 640 MWac / 760 MWpc
- The acquisition includes operational and portfolio under development projects
- Enel Green Power India Private Limited will become a Subsidiary of Waaree Energies Limited upon completion of the acquisition
- The deal is subject to customary closing adjustments