Waaree Renewable Technologies Limited has informed the Exchange about Update on Acquisition
WAAREERTL · price
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Awaiting price reaction for this filing.
Waaree Renewable Technologies has executed a Deed of Adherence on August 30, 2025, as part of its planned investment in Smart Joules Private Limited (SJPL). The deal involves purchasing equity shares from existing shareholders and subscribing to Compulsorily Convertible Preference Shares (CCPS). Equity transfer from Mr. Arjun Premchand Gupta has been completed, while transfer from Mr. Ujjal Majumdar and credit of CCPS to the company's demat account are still in process. Both remaining steps are expected to be completed on or before September 15, 2025.
This is a procedural update showing progress on a previously announced acquisition. Completion of the SJPL investment by mid-September should expand Waaree Renewable Technologies' presence in the energy solutions space, with the stock likely to react once the deal fully closes.