Waaree Energies Limited has informed the Exchange that it has today executed the Definative Agreement to acquire 76% stake in Racemosa Energy (India) Private Limited.
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Waaree Energies Limited announced that its wholly-owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription cum shareholders' agreement to acquire a 76% stake in Racemosa Energy (India) Private Limited for an aggregate consideration of approximately Rs 53.00 crores. The transaction is subject to completion of conditions precedent to closing and is not a related party transaction. The company had previously disclosed its intent on September 18, 2025, and now confirms the formal execution of the definitive agreement. The acquisition is expected to be completed in FY 2025-26.
This acquisition gives Waaree Energies a controlling 76% stake in Racemosa Energy, strengthening its position in the energy sector through its subsidiary. The Rs 53 crore outlay is relatively modest, so immediate impact on financials is limited, but it could add strategic value and new business capabilities in the long run.