Waaree Energies board approves merger with Indosolar

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

WAAREEENER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹2507.00

prior close

₹2502.00

announcement price

After-mkt

timing

Nifty Midcap 150market-2.0%+0.7% vs market

Other Electrical Equipment peers, median of 52sector-0.3%-0.9% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 0.9 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

-0.0

15m

-0.1

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-2.0+0.7-0.3-0.9

Next day

-0.5-2.1+1.7-1.3+0.8

-2.1-3.7+1.7-2.5+0.4

-5.1-4.7-0.4-2.2-2.8

-5.3-4.6-0.7-2.8-2.4

-6.7-5.6-1.1-3.8-2.8

-4.6-4.1-0.4-1.7-2.9

15d

+2.3-5.2+7.5-5.1+7.5

-7.5-9.2+1.7-12.7+5.2

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UpDownMarket · Nifty Midcap 150Sector · Other Electrical Equipment peers, median of 52Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Waaree Energies board approved merger of Indosolar Limited into itself. Indosolar makes solar PV modules (assets 404.92 cr, turnover 68.36 cr). Swap ratio: 1 Waaree share for every 11 Indosolar shares. Aims at backward integration of cell and module manufacturing, group simplification. Subject to NCLT, BSE, NSE and shareholder approvals.

Likely market impact

Indosolar shareholders get Waaree shares at 1:11 ratio, gaining liquidity. Waaree gains cell-module integration. Promoter holding dips marginally to 63.91%.