Waaree Energies Ltd has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has successfully acquired a 100% equity stake in Waaree Semicon Private Limited (WSPL). The acquisition was finalized for a total cash consideration of INR 1 lakh. With this transaction, which was completed on May 15, 2026, Waaree Semicon now operates as a step-down subsidiary of the company.
Strategic Expansion of Subsidiary Portfolio
In a significant move to consolidate its group structure, Waaree Energies Ltd has confirmed the successful takeover of Waaree Semicon Private Limited (WSPL). The transaction was executed through Waaree Power Private Limited (WPPL), which is a wholly owned subsidiary of the main entity. This development follows the company’s initial announcement regarding the deal, which was communicated on April 29, 2026.
Transaction Details
The acquisition of the 100% equity stake was concluded for a total consideration of INR 1 lakh. Following the successful closure of the deal on May 15, 2026, Waaree Semicon Private Limited has officially transitioned into a step-down subsidiary of Waaree Energies Ltd. The company received formal intimation regarding the completion of this acquisition from its subsidiary at 16:45 p.m. (IST) on the same day.
Source: BSE
