Finance

Updates on investments, project funding, tariffs, mergers and acquisitions, and financial performance across the power and renewable energy industry. This category tracks capital flows, lending trends, market valuations, and economic factors influencing energy infrastructure and sector growth.

India | Finance | News

Waaree acquires 76% stake in Racemosa Energy for Rs 53 crore
By September 29, 2025October 28, 2025

Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription and shareholders’ agreement to acquire a 76 per cent stake in Racemosa Energy (India) Private Limited. The aggregate consideration for the transaction is approximately Rs 53 crore. The company stated that the acquisition, disclosed earlier on September 18, 2025, is subject to the fulfilment of conditions precedent. The deal is expected to close in…

Read More Waaree acquires 76% stake in Racemosa Energy for Rs 53 crore
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Waaree Forever incorporates new subsidiary
By September 26, 2025October 28, 2025

Waaree Forever Energies Private Limited, a wholly-owned unit of Waaree Energies Limited, has incorporated Waaree Forever Energies Three Private Limited. The incorporation took place on September 24, 2025, and the certificate of incorporation was received on September 25, 2025. This follows earlier incorporations of three step-down subsidiaries this month. Waaree Forever Energies Four Private Limited and Waaree Forever Energies Five Private Limited were incorporated on September 10, with certificates received on September 11. Waaree Forever…

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Continuum Green acquires full control from CEIL ahead of IPO
By September 26, 2025October 28, 2025

Continuum Green Energy Holdings will acquire the remaining 26% stake in Continuum Green Energy from Clean Energy Investing (CEIL), giving it full ownership ahead of a planned initial public offering (IPO). The share purchase agreement was signed on September 23. With this acquisition, founders Vikash Saraf and Arvind Bansal will have 100% control of the company. CEIL, backed by Morgan Stanley Infrastructure Partners, has been a shareholder since 2012 and will exit entirely following this…

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CESC board approves Rs 300 crore NCD issuance
By September 26, 2025October 28, 2025

CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case of default, an extra 2% per annum applies. Allotment is set for September 26, 2025, with redemption on September 26,…

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Solarworld Energy Solutions opens Rs 4.9 billion IPO
By September 25, 2025October 28, 2025

Solarworld Energy Solutions Limited launched its initial public offering (IPO) of equity shares on September 23, 2025. The issue totals up to Rs 4.9 billion, including a fresh issue of Rs 4.4 billion and an offer for sale of Rs 0.5 billion by existing shareholders. The IPO subscription opened on September 23, 2025, and will close on September 25, 2025. The price band has been fixed between Rs 333 and Rs 351 per equity share….

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Waaree Power to acquire 76% stake in Racemosa Energy
By September 24, 2025October 28, 2025

Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the acquisition will help integrate smart metering into its portfolio and broaden its presence across the energy value chain beyond solar…

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ACME Solar secures Rs 1,100 crore refinancing for Rajasthan project
By September 23, 2025October 28, 2025

ACME Solar Holdings Limited has arranged Rs 1,100 crore for refinancing debt for a 300 MW renewable energy project in Rajasthan and lowering borrowing costs by about 100 basis points. The project has been operational for six months and has maintained stable capacity utilisation factor (CUF) levels during this period. The refinancing has been arranged through the State Bank of India (SBI) with a tenure of nearly 17 years. According to the company, the transaction…

Read More ACME Solar secures Rs 1,100 crore refinancing for Rajasthan project
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Jakson Group to invest Rs 1 billion in distributed energy by FY26
By September 23, 2025October 28, 2025

Jakson Group will invest Rs 1 billion in its distributed energy business by 2025-26 to expand capacity and meet rising demand for backup and sustainable power. The company, which earns most of its revenue from diesel generators, is diversifying into solar, energy storage, and other green solutions. It aims to scale its business to Rs 50 billion in the near term and reach USD 1 billion revenue by 2030. Solar and storage will be the…

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SEBI closes Adani Power probe; Morgan Stanley sees 30 per cent upside
By September 22, 2025October 28, 2025

The Securities and Exchange Board of India (SEBI) has closed its inquiry into Adani Power Limited and other Adani Group firms without penalty, concluding that allegations of irregular loan transactions were not established. The case originated from claims in the Hindenburg Research report published in January 2023. SEBI issued two final orders on September 18, 2025, disposing of show-cause notices issued in January 2024 to Adani Ports and Special Economic Zone Limited, Adani Power Limited,…

Read More SEBI closes Adani Power probe; Morgan Stanley sees 30 per cent upside
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Emmvee Photovoltaic gets SEBI approval for Rs 30 billion IPO
By September 22, 2025October 28, 2025

Emmvee Photovoltaic Power Limited has received clearance from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The company filed preliminary documents with SEBI in July 2025, seeking to raise Rs 30 billion through the IPO. The offering comprises a fresh issue of shares worth about Rs 21.43 billion and an offer for sale of promoter-held shares valued at roughly Rs 8.56 billion. Founded in 1992, Emmvee manufactures…

Read More Emmvee Photovoltaic gets SEBI approval for Rs 30 billion IPO