Waaree Renewable Technologies Limited (WRTL) will acquire approximately 55% of the equity share capital of Associated Power Structures Limited (ASPL) for around INR 1,225 crores. The deal involves a mix of primary and secondary investments and is subject to due diligence and standard closing conditions. ASPL specializes in power transmission and distribution and will become a subsidiary of Waaree RTL post-acquisition.
Strategic Acquisition Announced
Waaree Renewable Technologies Limited (WRTL) has announced that it will enter into a binding term sheet to acquire approximately 55% stake in Associated Power Structures Limited (ASPL). The announcement was made following a board meeting held on January 26, 2026.
Transaction Details
The total consideration for the acquisition of ASPL is approximately INR 1,225 crores. This investment is structured as a mix of primary and secondary capital. The completion of the acquisition is subject to standard due diligence processes and customary closing conditions.
About Associated Power Structures
Associated Power Structures Limited, established in 1996, is a company specializing in power transmission and distribution within the infrastructure sector. Post-acquisition, ASPL will operate as a subsidiary of Waaree Renewable Technologies Limited, expanding WRTL’s presence in the power infrastructure domain.
Strategic Rationale
The acquisition of ASPL aligns with WRTL’s strategic initiative to broaden its presence and strengthen its capabilities within the renewable energy and energy efficiency sectors. ASPL’s operations are complementary to WRTL’s long-term vision of integrated clean energy solutions. The indicative time period for completion of the acquisition is 30th April, 2026.
Source: BSE
