Waaree Energies Limited announced the successful completion of its planned acquisition in the United States. A wholly-owned subsidiary, Waaree Solar Americas Inc., acquired 53,68,551 Series B preferred shares of United Solar Holding Inc. The total cash consideration for this transaction was approximately USD $30 Million. The company received formal intimation of the completion on March 16, 2026, at 17:31 IST, following up on prior disclosures.
Acquisition Finalized by Subsidiary
Waaree Energies Limited confirmed the full completion of a strategic acquisition previously disclosed on December 19, 2025. The transaction was executed by its wholly-owned subsidiary, Waaree Solar Americas Inc. (“WSA”).
Transaction Details
WSA successfully acquired 53,68,551 series B preferred shares of United Solar Holding Inc. The total financial consideration paid for securing this stake amounted to approximately USD $30 Million. The company was officially notified of the transaction’s finalization today, March 16, 2026, at 17:31 p.m. (IST).
Disclosure Record
This information regarding the conclusion of the acquisition is now available on the company website for stakeholder reference. The Board has requested that the stock exchanges take this material development on record.
Source: BSE
