Waaree Energies US arm acquires United Solar shares

Waaree Energies, an Indian company, has a subsidiary in the US called Waaree Solar Americas Inc.

This subsidiary is buying shares of another company called United Solar Holding Inc for $30 million.

United Solar Holding Inc makes a special material called polysilicon, which is important for making solar panels.

The deal is expected to be finished by the end of January 2026.

This purchase will help Waaree Energies get the materials they need to make more solar panels.

The shares of Waaree Energies on the stock market went down a bit today.