The Exchange has sought clarification from Waaree Energies Limited with respect to recent news item captioned Waaree Energies share reacts as Enel Green Power deal on verge of collapse. The response from the Company is attached.
WAAREEENER · price
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Awaiting price reaction for this filing.
Waaree Energies responded to NSE's query about a Business Today article suggesting its deal to acquire 100% of Enel Green Power India (from Enel Green Power Development) was on the verge of collapse. The company confirmed the Share Purchase Agreement signed on January 10, 2025 is still in place, but certain commercial terms are under review and discussions are ongoing. The company stated the share price movement is purely market-driven, there is no undisclosed price-sensitive information pending, and no regulatory or legal proceedings have been initiated in relation to the acquisition.
Investors face uncertainty around the completion of a potentially significant acquisition. While the deal has not been called off, the company's acknowledgment of terms being under review may keep the stock volatile until there is clearer news on whether the acquisition will proceed as planned.