Waaree Energies Limited has informed the Exchange about completion ofacquisition of 53,68,551 series B preferred shares of United Solar Holding Inc.
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Waaree Energies' wholly owned US subsidiary, Waaree Solar Americas Inc (WSA), has completed the acquisition of 53,68,551 Series B preferred shares of United Solar Holding Inc. for approximately USD 30 million. This follows the company's earlier disclosure dated December 19, 2025, about the proposed transaction. The acquisition was completed on March 16, 2026, with intimation received by the company at 5:31 p.m. IST. United Solar Holding Inc. appears to be a US-based entity, suggesting Waaree is deepening its footprint in the American solar market.
This is a completed acquisition rather than a new proposal, so most of the impact may already be priced in. However, it confirms Waaree's strategic push into the US solar value chain, and shareholders should watch for further updates on how this investment contributes to revenue and earnings going forward.