Waaree Energies’ arm inks pact to acquire 76% stake in Racemosa Energy (India)
The acquisition is expected to be completed in FY 2025-26 subject to completion of conditions precedents to closing
Waaree Energies’ wholly owned subsidiary - -Waaree Power (WPPL) has executed the definitive share subscription cum share holders agreement for acquiring 76% stake in Racemosa Energy (India), for an aggregate consideration of around Rs 53 crore. The acquisition is expected to be completed in FY 2025-26 subject to completion of conditions precedents to closing.
Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.
