Waaree Renewable Technologies Limited has approved a proposal to acquire a controlling stake in Associated Power Structures Limited. The transaction, valued at approximately ₹1,225 crore, involves a mix of primary and secondary share purchases and remains subject to due diligence and customary closing conditions.
Upon completion, the target entity will become a subsidiary of Waaree Renewable Technologies.
Waaree Renewable Technologies Limited informed stock exchanges that its Board of Directors, at a meeting held on 26 January 2026, approved entering into a binding term sheet to acquire approximately 55% of the equity share capital of Associated Power Structures Limited.
The proposed transaction is subject to completion of due diligence and fulfilment of standard closing requirements.
The acquisition is expected to be completed by 30 April 2026.
The total consideration for the acquisition is estimated at around ₹1,225 crore, comprising a combination of primary and secondary share purchases. The payment will be made in cash through banking channels. Following completion, Associated Power Structures Limited will become a subsidiary of Waaree Renewable Technologies Limited.
The company confirmed that the transaction does not fall under related party transactions and that promoters or promoter group entities have no interest in the target company.
Associated Power Structures Limited (ASPL), incorporated on 21 May 1996, operates in the power transmission and distribution segment serving infrastructure projects. The company is based in India and undertakes projects in multiple overseas markets.
Financial highlights as of 31 March 2025 include:
Recent turnover figures show steady growth:
As of 27 January 2026 at 09:30 AM, shares of Waaree Renewable Technologies Limited were trading at ₹885.40, reflecting a rise of ₹11.65 or 1.33% from the previous close of ₹873.75. The stock opened at ₹889.10 and moved within a day’s range of ₹870.30 to ₹897.55 during early trade.
Read More: Waaree Energies Outlines 20 GW Battery Manufacturing Plan as Expansion Strategy.
Waaree Renewable Technologies’ proposed acquisition of a majority stake in Associated Power Structures marks a strategic move into complementary power infrastructure segments. As the transaction progresses through due diligence and closing conditions, market participants will track its execution timeline and integration outcomes in the months ahead.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 27, 2026, 9:36 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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