Waaree Renewable Technologies Limited has announced a delay in the completion of its acquisition of Associated Power Structures Private Limited (formerly Associated Power Structures Limited). The transaction, initially planned for June 15, 2026, is now expected to conclude by June 30, 2026. This revised timeline is due to procedural requirements, including the transfer of existing securities and the allotment of new securities.
Acquisition Timeline Extended
Waaree Renewable Technologies Limited has provided an update regarding its planned acquisition of Associated Power Structures Private Limited, previously known as Associated Power Structures Limited. In continuation of prior disclosures, the company stated that the completion of this acquisition, which was initially slated for June 15, 2026, has been revised. The new target completion date is now June 30, 2026.
Reason for Delay
The extension in the completion timeline is attributed to necessary procedural requirements. These include the comprehensive process of transferring existing securities and the subsequent allotment of securities through a fresh issuance. The company has confirmed that this information will be made available on its official website, www.waareertl.com.
Source: BSE
