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Waaree Energies moves up as its arm gets nod to acquire 76% stake in Racemosa Energy (India)
Sep-19-2025

Waaree Energies is currently trading at Rs. 3509.75, up by 9.00 points or 0.26% from its previous closing of Rs. 3500.75 on the BSE.

The scrip opened at Rs. 3514.00 and has touched a high and low of Rs. 3535.35 and Rs. 3470.00 respectively. So far 108455 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3864.40 on 12-Sep-2025 and a 52 week low of Rs. 1808.65 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 3729.10 and Rs. 3470.00 respectively. The current market cap of the company is Rs. 100760.61 crore.

The promoters holding in the company stood at 64.30%, while Institutions and Non-Institutions held 5.54% and 30.16% respectively.

Waaree Energies’ wholly owned subsidiary -- Waaree Power has received approval to acquire 76% of the share capital of Racemosa Energy (India), which is in the business of manufacturing smart meters. Further, pursuant to the above subscription of shares, Racemosa Energy (India) will become a step-down subsidiary of the company after the closing conditions are fulfilled. The objective of acquisition is to integrating smart meters to strengthen the company’s presence across the energy value chain.

The Board of Directors of the Company at its meeting held on September 18, 2025 has approved the same.

Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.

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