Waaree Energies Limited will acquire a 76% stake in Racemosa Energy (India) Private Limited, a company specializing in manufacturing smart meters. The acquisition, valued at approximately ₹53 crores, will be executed through Waaree Power Private Limited, a wholly-owned subsidiary, subject to customary closing conditions and regulatory approvals. This strategic move aims to strengthen Waaree’s presence across the energy value chain.
Strategic Acquisition
Waaree Energies Limited has announced its plan to acquire a 76% stake in Racemosa Energy (India) Private Limited through its wholly-owned subsidiary, Waaree Power Private Limited. This decision was approved by the Board of Directors during a meeting held on September 18, 2025.
Deal Details
The acquisition is subject to definitive agreements and regulatory approvals. The investment to acquire the stake is valued at approximately ₹53 crores. The deal is expected to close in FY 2025-26, or another mutually agreed upon date.
Racemosa Energy Overview
Racemosa Energy (India) Private Limited, established in 2018, specializes in the manufacturing of smart meters. The company was incorporated in the State of Maharashtra.
Rationale
This acquisition is aimed to integrate smart meters into Waaree’s portfolio, strengthening its presence across the energy value chain.
Impact
Upon completion of the acquisition, Racemosa Energy (India) Private Limited will become a step-down subsidiary of Waaree Energies Limited.
Source: BSE
