Waaree unit acquires minority stake in United Solar Holding
Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies Limited (WEL), has completed the acquisition of 53,68,551 Series B preferred shares of United Solar Holding Inc. for approximately USD 30 million. The transaction, first disclosed in December 2025, closed on March 16, 2026. Investment structure United Solar Holding Inc. is a US-based solar company. The purchase of Series B preferred shares indicates that the transaction represents a minority stake investment rather than a…