Waaree Energies Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Execution of Share Subscription Agreement between Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies Limited and United Solar Holdings Inc.
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Waaree Energies' wholly owned US subsidiary, Waaree Solar Americas Inc. (WSA), has signed a Share Subscription Agreement with United Solar Holdings Inc. (USH) to buy around 53.68 lakh Series B preferred shares for approximately USD 30 million, subject to closing conditions. This is a follow-up to an earlier disclosure made on December 19, 2025. The deal is not a related party transaction and no promoter or group company has any interest in it. The investment gives Waaree's US arm a strategic stake in a US-based solar holding company, supporting its American expansion plans.
Positive for shareholders as it signals Waaree's aggressive push into the US solar market through a USD 30 million strategic investment, potentially expanding its global footprint and future revenue opportunities.