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WAAREE Energies Limited ( (IN:WAAREEENER) ) has issued an update.
Waaree Energies Limited has executed a definitive agreement to acquire a 76% stake in Racemosa Energy (India) Private Limited through its wholly owned subsidiary, Waaree Power Private Limited. The acquisition, valued at approximately Rs 53.00 crores, is expected to be completed in the fiscal year 2025-26, pending certain conditions. This strategic move is set to enhance Waaree’s market positioning in the renewable energy sector, potentially expanding its operational capabilities and stakeholder value.
More about WAAREE Energies Limited
Waaree Energies Limited operates in the renewable energy industry, focusing primarily on solar energy solutions. The company offers a range of products and services including solar panels, solar power plants, and other solar energy-related solutions, catering to both domestic and international markets.
Average Trading Volume: 229,805
Technical Sentiment Signal: Strong Buy
Find detailed analytics on WAAREEENER stock on TipRanks’ Stock Analysis page.