Acquisitions24 Mar 2026, 04:29 pm
Waaree Energies to Acquire Additional 11.06% Stake in Subsidiary Waaree Transpower and Announce Rs. 3900 Crores Capex for Glass Manufacturing Plant
AI Summary
Waaree Energies Ltd. announced the outcome of its Board meeting held on March 24, 2026. The company approved the acquisition of an additional 11.06% equity stake in its subsidiary, Waaree Transpower Private Limited, taking its total stake to 75.10%. The company also approved a Capex of Rs. 3900 crores for a glass manufacturing plant in its wholly owned subsidiary, Waaree Green Glass Private Limited, for a capacity of 2500 TPD. The Capex will be funded by a mix of debt and internal accruals.
Key Highlights
- Acquisition of additional 11.06% equity stake in subsidiary Waaree Transpower Private Limited
- Total stake in Waaree Transpower Private Limited to reach 75.10%
- Capex of Rs. 3900 crores approved for glass manufacturing plant in Waaree Green Glass Private Limited
- Capex to be funded by a mix of debt and internal accruals
- Waaree Transpower Private Limited is a related party and the transaction is done at arms length pricing