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

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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AI summary

Waaree Smart Meters (step-down subsidiary) acquired 24.21% in Eppeltone Engineers via off-market deal for about Rs 21.78 cr in cash. Eppeltone makes smart meters and power conditioning devices. Turnover grew from Rs 78.45 cr (FY24) to Rs 134.74 cr (FY26). Move strengthens Waaree's presence across the energy value chain. Not a related party deal.

Likely market impact

Smart meters acquisition strengthens Waaree's energy value chain. Small cash deal, not related party, no open offer triggered.