Waaree Energies subsidiary acquires 76 percent stake in Racemosa Energy for Rs 53.20 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

WAAREEENER · price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.7% vs market

Other Electrical Equipment peers, median of 42sector-0.9%+2.0% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 2.0 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Waaree Power Private Limited (WPPL), a wholly owned subsidiary of Waaree Energies, has acquired 76 percent equity stake in Racemosa Energy (India) Private Limited for Rs 53.20 crores. This makes Racemosa a step-down subsidiary of Waaree Energies effective November 7, 2025. The deal is not a related party transaction and no government approvals are needed. This follows an earlier disclosure dated September 18, 2025.

Likely market impact

Acquisition adds Racemosa as step-down subsidiary. Deal size of Rs 53.20 cr is modest compared with Waaree Energies overall scale, limited near term impact.