Waaree subsidiary acquires 24.21% stake in Eppeltone Engineers for Rs 21.78 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

WAAREEENER · price

Loading chart…

▲ 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

-0.6%Reaction day

₹2717.00

prior close

₹2723.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.5%-1.1% vs market

Other Electrical Equipment peers, median of 49sector-0.5%-0.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Midcap 150 and 0.1 pts less 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

-0.3

10m

-0.5

15m

-0.7

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+0.5-1.1-0.5-0.1

Next day

-0.4+0.4-0.8-1.2+0.8

-2.2+0.7-2.9-1.3-0.9

-1.1+0.8-1.9-1.3+0.2

-1.3+0.2-1.5-2.0+0.7

-0.4+0.4-0.8-2.4+2.1

-1.4-0.2-1.2-2.7+1.3

15d

-4.1+0.7-4.9-1.1-3.0

-6.2-2.0-4.3-1.8-4.4

-13.7-7.5-6.2-6.8-6.9

—————

UpDownMarket · Nifty Midcap 150Sector · Other Electrical Equipment peers, median of 49Pending

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

AI summary

Waaree Energies' step-down subsidiary Waaree Smart Meters acquired a 24.21% stake in Eppeltone Engineers via an off-market deal for about Rs 21.78 crores in cash. Eppeltone manufactures electronic and smart energy meters. The deal aims to integrate smart meters into Waaree's energy value chain. Eppeltone's turnover grew from Rs 78.45 cr in FY24 to Rs 134.74 cr in FY26. Not a related party transaction.

Likely market impact

Strategic move to strengthen presence in smart meter segment and broaden energy value chain. Modest deal size relative to Waaree's scale.