Waaree Energies announced it will acquire a 76% stake in Racemosa Energy (India) Private Limited. The agreement for this acquisition was executed on September 27, 2025. The aggregate consideration for acquiring the stake is approximately ₹53.00 crores. This acquisition is expected to be completed in FY 2025-26, pending fulfillment of precedent conditions.
Strategic Acquisition
Waaree Energies Limited has announced a definitive agreement to acquire a 76% stake in Racemosa Energy (India) Private Limited. This significant move aims to bolster the company’s growth and market presence in the renewable energy sector. This acquisition was formalized through a share subscription agreement executed on September 27, 2025.
Deal Details
The aggregate consideration for acquiring the 76% stake in Racemosa Energy (India) Private Limited is approximately ₹53.00 crores. The Company expects the acquisition to be completed in financial year 2025-26, subject to certain conditions.
Impact and Outlook
The transaction is not considered a related party transaction. The company has stated that the acquisition is expected to be completed during financial year 2025-26 upon completion of all necessary conditions. No other promoter group or company has interest in the said transaction.
Source: BSE
