WAAREE Energies’ subsidiary, Waaree Solar Americas Inc. (WSA), has finalized a Share Subscription Agreement (SSA) with United Solar Holdings Inc. (USH). WSA will subscribe to approximately 53.68 lakh Series B preferred shares of USH. The total consideration for this investment is approximately USD $30,000,000. This move follows a prior disclosure made on December 19, 2025, and is subject to customary closing conditions.
Strategic Investment in US Solar Holdings
WAAREE Energies Limited today announced a significant transaction executed by its wholly-owned subsidiary, Waaree Solar Americas Inc. (“WSA”). WSA has entered into a definitive Share Subscription Agreement (“SSA”) with United Solar Holdings Inc. (“USH”). The transaction was formally communicated to the Company on March 10, 2026, at 04:44 p.m. (IST).
Terms of the Agreement
Under the SSA, WSA is set to subscribe to approximately 53,68,551 series B preferred shares issued by USH. The total aggregate consideration for this acquisition of equity is projected to be approximately USD $30,000,000. It must be noted that this entire subscription is contingent upon the fulfillment of all necessary conditions precedent to closing.
Disclosure Confirmation
This disclosure serves as a follow-up to the preliminary intimation provided by the Company on December 19, 2025. Furthermore, the Company confirms that this agreement does not constitute a related party transaction, and no interests are held by any promoter, promoter group, or other group companies of WAAREE Energies Limited in this specific deal.
Source: BSE
