Acquisitions18 Sept 2025, 09:14 pm
Waaree Energies to Acquire 76% Stake in Racemosa Energy for Approx. 53 Crores
AI Summary
Waaree Energies Ltd, a leading player in the energy sector, announced the outcome of its Board Meeting held on September 18, 2025. The Board approved the acquisition of a 76% stake in Racemosa Energy (India) Private Limited, a smart meter manufacturing company, for approximately 53 crores. This acquisition is expected to strengthen Waaree's presence across the energy value chain. Racemosa Energy will become a step-down subsidiary of Waaree Energies after the fulfillment of customary closing conditions and regulatory approvals.
Key Highlights
- Waaree Energies to acquire 76% stake in Racemosa Energy for approximately 53 crores.
- Racemosa Energy is a smart meter manufacturing company established in 2018.
- The acquisition is expected to strengthen Waaree's presence across the energy value chain.
- Racemosa Energy will become a step-down subsidiary of Waaree Energies after the fulfillment of customary closing conditions and regulatory approvals.
- The acquisition is not a related party transaction.