Waaree Energies to Buy 76% Stake in Racemosa Energy for ₹53 Crore; Share Price in Focus

On 18th September 2025, Waaree Energies Limited announced that its Board of Directors had approved the acquisition of a majority stake in Racemosa Energy (India) Private Limited. The acquisition will be carried out through Waaree Power Private Limited, a wholly owned subsidiary, which will subscribe to 76% of Racemosa’s share capital. Following the transaction, Racemosa Energy will become a step-down subsidiary of Waaree Energies.

Details of the Acquisition

Racemosa Energy (India) Private Limited, incorporated in 2018 in Maharashtra, is engaged in the business of manufacturing smart meters. Waaree Energies will invest approximately ₹53 crores in cash consideration to acquire the stake. With this acquisition, Waaree aims to integrate smart metering solutions into its portfolio, thereby enhancing its presence across the energy value chain.

The acquisition is not a related party transaction and does not require specific governmental or regulatory approvals. The transaction is expected to be completed in FY 2025-26, subject to execution of definitive agreements and customary closing conditions.

Strategic Rationale Behind the Move

The decision to acquire a majority stake in Racemosa Energy is aligned with Waaree Energies’ long-term vision of strengthening its role across the renewable and energy infrastructure segments. By bringing smart meter technology under its umbrella, Waaree will be able to offer more integrated solutions, potentially driving efficiency, energy monitoring, and smart grid applications.

This strategic integration is expected to create synergies with Waaree’s existing solar and energy businesses, ensuring better value creation for stakeholders while keeping pace with the growing demand for digital and smart energy solutions in India.

Read More: Waaree Energies To Offload 14.66% Stake In Indosolar Through OFS!

Waaree Energies Share Price Performance 

As of September 19, 2025, at 11:12 AM, Waaree Energies share price is trading at ₹3,515.50 per share, reflecting a surge of 0.10% from the previous day's closing price. 

Conclusion

The acquisition of Racemosa Energy marks an important step for Waaree Energies in diversifying and integrating its operations across the energy ecosystem. By combining renewable energy solutions with smart meter technology, Waaree strengthens its market positioning and prepares for the next phase of India’s energy transition.

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