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WAAREE Energies Limited ( (IN:WAAREEENER) ) has provided an announcement.
WAAREE Energies Limited announced the acquisition of a 76% stake in Racemosa Energy (India) Private Limited through its wholly-owned subsidiary, Waaree Power Private Limited. This strategic move aims to integrate smart meter technology into WAAREE’s offerings, thereby strengthening its position in the energy sector. The acquisition is expected to be completed in the fiscal year 2025-26, subject to regulatory approvals, and involves a cash consideration of approximately 53 crores.
More about WAAREE Energies Limited
WAAREE Energies Limited operates in the energy sector, focusing on renewable energy solutions. The company is known for its solar energy products and services, aiming to enhance its market presence across the energy value chain.
Average Trading Volume: 243,531
Technical Sentiment Signal: Strong Buy
See more insights into WAAREEENER stock on TipRanks’ Stock Analysis page.