Waaree Energies Limited has informed the Exchange that Waaree Power Private Limited, a wholly-owned subsidiary has acquired Waaree Semicon Private Limited, thereby making it a step - down subsidiary.
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Waaree Power Private Limited (WPPL), a wholly-owned subsidiary of Waaree Energies, has completed the acquisition of 100% equity stake in Waaree Semicon Private Limited (WSPL). The total consideration for this acquisition was INR 1 lakh. With this transaction, WSPL has become a step-down subsidiary of Waaree Energies Limited effective May 15, 2026. This acquisition follows an earlier disclosure made by the company on April 29, 2026.
The acquisition is relatively small in monetary terms (INR 1 lakh) but signals Waaree's strategic intent to expand into the semiconductor space through a subsidiary structure. Shareholders should note this as a diversification move, though the near-term financial impact on the parent company is likely minimal.