Waaree Energies Shares Jumps Over 3%; US Unit Wraps Up $30 Million Stake in United Solar Holding

Waaree Energies Limited has informed stock exchanges that its wholly owned subsidiary, Waaree Solar Americas Inc, has completed the acquisition of 53,68,551 Series B preferred shares of United Solar Holding Inc. The transaction was carried out for a total consideration of approximately $30 million.  

The disclosure was made through a regulatory filing dated 16 March 2026. 

Earlier Disclosure and Completion 

The company had earlier informed exchanges about the proposed acquisition in a disclosure made on December 19, 2025. The latest filing confirms that the transaction has now been completed by the US subsidiary.  

The share purchase relates specifically to Series B preferred equity issued by United Solar Holding Inc. 

Details of the Transaction 

According to the filing, Waaree Solar Americas acquired 5.37 million preferred shares in the company. The overall deal value is estimated at around $30 million, as stated in the exchange communication.  

The company said it received confirmation regarding the completion of the acquisition on March 16, 2026, following which the update was submitted to the exchanges. 

The company also noted that the information regarding the acquisition will be available on its official website. 

Read More: AXISCADES Technologies Share Price in Focus; Completes Acquisition of Remaining 24% Stake in Cades Studec Technologies! 

Waaree Energies Share Price Performance  

As of March 17, 2026, 10:05 am, Waaree Energies share price stood at ₹2,886.70, a 3.44% increase from the previous closing price. 

Conclusion 

The regulatory filing confirms that Waaree Energies’ US subsidiary has completed the purchase of Series B preferred shares in United Solar Holding Inc.  

The transaction, valued at around $30 million, concludes an investment plan first disclosed by the company in December 2025. 

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