Waaree Energies Limited will acquire a 76% stake in Racemosa Energy (India) Private Limited, a company that manufactures smart meters. The acquisition is subject to customary closing conditions and regulatory approvals. The cost of the acquisition is approximately ₹53 crores. Following the share subscription, Racemosa Energy will become a step-down subsidiary of Waaree Energies.
Strategic Acquisition Announcement
Waaree Energies Limited has announced plans to acquire a 76% stake in Racemosa Energy (India) Private Limited. This acquisition aims to strengthen Waaree’s presence across the energy value chain. The decision was approved during a board meeting held on September 18, 2025.
Racemosa Energy Overview
Racemosa Energy (India) Private Limited, established in 2018, specializes in the business of manufacturing smart meters. As a result of this transaction, Racemosa Energy will transition into a step-down subsidiary of Waaree Energies upon fulfillment of closing conditions.
Deal Terms and Financials
The acquisition will involve Waaree Power Private Limited, a wholly-owned subsidiary of Waaree Energies, subscribing to 76% of Racemosa Energy’s share capital. The total cost of this acquisition is estimated to be approximately ₹53 crores. The completion of the acquisition is projected for FY 2025-26, or as otherwise agreed upon by the parties.
Source: BSE
