Waaree Energies Share Price in Focus; Subsidiary to Acquire 76% Stake in Racemosa Energy

Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription-cum-shareholders agreement to acquire a 76% stake in Racemosa Energy (India) Private Limited. The deal is valued at approximately ₹53 crore, subject to the fulfillment of certain closing conditions.

About the Transaction

The acquisition is not categorised as a related party transaction. The company clarified that none of its promoters, promoter group, or other group entities have any direct or indirect interest in the deal. The transaction is expected to be completed in FY 2025–26, once all conditions precedents are met.

Strategic Significance

Racemosa Energy (India) Private Limited operates in the renewable energy sector, aligning with Waaree’s broader vision of expanding its clean energy portfolio. By acquiring a controlling stake, WPPL aims to strengthen its position in the growing renewable energy market while diversifying its investments.

Waaree Energies, a leading solar module manufacturer in India, has been actively expanding through strategic investments and partnerships. This acquisition underscores its commitment to supporting India’s transition to sustainable energy and reinforces its presence in the power generation space.

Waaree Energies Share Price Performance

On September 26, 2025, Waaree Energies share price (NSE: WAAREEENER) opened at ₹3,375.00 and closed at ₹3,199.90, down by 7.12%. The stock price touched its day’s low at ₹3,182.00.

Also Read: Waaree Energies To Offload 14.66% Stake In Indosolar Ltd!

Conclusion

With this acquisition, Waaree Energies is set to further consolidate its renewable energy footprint. Investors and stakeholders will now watch for regulatory clearances and the completion of conditions that will finalise the transaction in FY 2025–26.

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