STOCKWATCH

Waaree Energies' Share Price Fluctuates Amid Enel Green Power Deal Review

Waaree Energies Ltd. has entered into a Share Purchase Agreement (SPA) with Enel Green Power Development S.r.l. for the acquisition of 100% of the share capital of Enel Green Power India Private Limited. The SPA, signed on January 10, 2025, is subject to customary commercial terms, timelines, and conditions precedent. The Company is currently reviewing certain commercial terms and is in discussions for the same. The share price movement is market-driven and there is no Unpublished Price Sensitive Information pending disclosure. The Company has always complied with the provisions of regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and will continue to do so.

• Waaree Energies Ltd. has entered into a Share Purchase Agreement with Enel Green Power Development S.r.l.
• The agreement is for the acquisition of 100% of the share capital of Enel Green Power India Private Limited.
• The SPA is subject to customary commercial terms, timelines, and conditions precedent.
• The Company is currently reviewing certain commercial terms of the agreement.
• The movement in the share price is market-driven and there is no Unpublished Price Sensitive Information pending disclosure.