Waaree acquires 76% stake in Racemosa Energy for Rs 53 crore
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…