Waaree Energies subsidiary forms JV with Ultratech Cement for power project

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

WAAREEENER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹2657.00

prior close

₹2668.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%+1.1% vs market

Other Electrical Equipment peers, median of 52sector-0.5%+1.7% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Midcap 150 and 1.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.4

15m

+0.3

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+0.1+1.1-0.5+1.7

Next day

+0.9-0.4+1.4-0.8+1.7

+1.9-0.3+2.2-1.2+3.0

+2.0-0.7+2.6-0.7+2.6

+0.8-0.9+1.7-2.0+2.8

+0.9-0.6+1.4-0.8+1.7

+0.2-0.4+0.6-2.1+2.3

15d

-2.9-1.3-1.6-3.0+0.1

-3.8-4.9+1.1-4.3+0.4

-7.8-7.2-0.6-5.5-2.2

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UpDownMarket · Nifty Midcap 150Sector · Other Electrical Equipment peers, median of 52Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Waaree Energies subsidiaries signed a Shareholders Agreement and Energy Supply Agreement with Ultratech Cement. Ultratech will take 26 percent stake in step-down subsidiary SHEPL for INR 27.75 crore. SHEPL is a new SPV for a power project supplying electricity to Ultratech. Not a related party deal. Completion targeted within 180 days.

Likely market impact

Partnership with Ultratech Cement strengthens Waarees renewable energy business and provides long term offtake visibility from a blue chip client.