Waaree Energies buys stake in Kotsons, expands into transformer business
Waaree Energies Limited has acquired a 64 per cent equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crore. With this investment, Kotsons has become a subsidiary of Waaree Energies. The funds will be used to expand Kotsons’ manufacturing capacity to meet rising demand for transformers in domestic and international markets. Founded in 1979, Kotsons operates a transformer manufacturing facility in Alwar, Rajasthan, with an installed capacity of 4,000…