Home / Business and Economy / Waaree to Acquire 55% Stake in Associated Power for Rs 1,225 Cr
Waaree to Acquire 55% Stake in Associated Power for Rs 1,225 Cr
7 May
Summary
- Waaree Renewable Technologies will acquire a 55% stake.
- The acquisition involves a total investment of Rs 1,225 crore.
- Associated Power Structures will become a subsidiary company.
Waaree Renewable Technologies has entered into definitive agreements to acquire a substantial 55% stake in Associated Power Structures Pvt Ltd. The total investment for this acquisition is valued at Rs 1,225 crore.
This strategic move will establish Associated Power Structures as a subsidiary of Waaree Renewable Technologies. The completion of the acquisition process, which includes both the transfer of existing securities and the allotment of new ones, is now slated for June 15, 2026, due to ongoing procedural requirements.
As of the current date, Waaree Renewable Technologies does not possess any shareholding in Associated Power Structures. Upon finalization, the acquisition will significantly alter the ownership structure, making Associated Power Structures a controlled entity of Waaree.
