Acquisitions15 May 2026, 05:31 pm
Waaree Power acquires Waaree Semicon for ₹1 Lakh, Becomes Step-Down Subsidiary
AI Summary
Waaree Power Private Limited (WPPL), a wholly-owned subsidiary of Waaree Energies Ltd, has completed the acquisition of 100% equity stake in Waaree Semicon Private Limited (WSPL) for a total consideration of ₹1 lakh. Consequently, WSPL has become a step-down subsidiary of Waaree Energies Ltd, effective today. The company received intimation about the acquisition from WPPL today at 16:45 p.m. (IST).
Key Highlights
- Waaree Power Private Limited acquires Waaree Semicon Private Limited.
- Acquisition completed for a total consideration of ₹1 lakh.
- Waaree Semicon Private Limited becomes a step-down subsidiary of Waaree Energies Ltd.
- Acquisition intimation received by the company on the same day.
Price Impact
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