Waaree Energies has acquired a 76% stake in Racemosa Energy (India) Private Limited. The aggregate consideration for this acquisition is ₹53.20 crores. This acquisition makes Racemosa Energy (India) Private Limited a step-down subsidiary of Waaree Energies, effective November 7, 2025. The company has confirmed that the transaction is not related to any promoter or promoter group companies.
Acquisition Announcement
Waaree Energies Ltd. announced on November 7, 2025, the acquisition of a majority stake in Racemosa Energy (India) Private Limited.
Details of the Acquisition
Waaree Power Private Limited (WPPL), a subsidiary of Waaree Energies, has acquired a 76% equity stake in Racemosa Energy (India) Private Limited for an aggregate consideration of ₹53.20 crores. As a result of this transaction, Racemosa Energy (India) Private Limited has become a step-down subsidiary of Waaree Energies, effective immediately.
Transaction Details
The company has clarified that this transaction is not a related party transaction. No promoter or promoter group company has any interest in this transaction, and no government or regulatory approvals were required.
Source: BSE
