Archive · 19 Sep 2025
Waaree Energies Acquires Stake in Smart Meter Maker
Waaree Energies, a solar panel maker, is expanding.
They bought a big part of a company that makes smart meters for electricity.
This helps them offer more energy-related products.
Waaree also plans to sell some of its shares in a different company, Indosolar.
The money from selling shares will go to the public.
The company’s stock price has increased due to strong financial results.
Waaree Energies acquired a 76% stake in Racemosa Energy India for ₹53 crore.
Racemosa Energy India manufactures smart electric meters.
The acquisition aims to integrate smart meters into Waaree's portfolio.
Waaree Energies is selling a 14.66% stake in Indosolar Ltd.
The share price of Waaree Energies has increased recently.
- Who
- Waaree Energies
- What
- Acquired a stake in Racemosa Energy and announced a stake sale in Indosolar Ltd.
- When
- September 18 (acquisition approval and non-retail bidding), September 19 (retail bidding).
- Where
- India
- Why
- To integrate smart meters and comply with SEBI regulations.
- Acquisition
- 76% stake in Racemosa Energy India
- Acquisition Cost
- ₹53 crore
- Racemosa Energy India
- Smart meter manufacturer
- Indosolar Ltd Stake Sale
- 14.66%
- Indosolar Shares for Sale
- 61 lakh
- Minimum Indosolar Share Price
- ₹500