The move aims to expand waaree’s presence across the energy value chain beyond its solar manufacturing core.
Waaree energies Shares Traded Higher on Friday, Gaining 0.22 per cent to ₹ 3,508 in Afternoon Trading after the Company Announced Its Board’s Approval for Subsidiyy Waaree Power Power PRVER PRIVATE LIMITED THE per cent stake in smart meter manufacturer racemosa energy (India) Private Limited.
The acquisition, valued at approximately ₹ 53 Through Cash Consideration, will make racemosa energy a step-byn subsidiary of waaree energy The transaction is subject to Execution of definitions, customry closing conditions and regulatory approvals, with completes targeted for fY 2025-26.
Smart Meter Integration to Strengthen Energy Chain
Racemosa energy, incorporated in 2018 in MaharashtraSpecializes in Manufacturing Smart Meters. WaAree Energies Stated The Acquisition Aims to Integrate Smart Meters to Strengthen the company’s presence across the company Energy Value Chain, expanding beyond its core solar Manufacturing business.
The stock opened at ₹ 3,510 against the previous close of ₹ 3,500.40, touching a high of ₹ 3,533 and low of ₹ 3,470.20 DURING The Session. Trading Volume Reached 10.42 Lakh Shares with a Traded Value of ₹ 365.14 Crore by afternoon. The company’s Total Market Capitalization Stood at ₹ 1,00,778.95 Crore.
Yes securities bully, solar expansion
Yes Securities Recently Initiated Coverage on WaAree Energies with a ‘Buy’ Rating and Target Price of ₹ 4,610, Citing the company’s position as India’s largest solar pv moachsure manuccure manuccure manuccure manuccure manuccure manufactive GW Module Capacity. The brokerage expects aggressive capacity expansion to drive growth, targeting 25.7 gw modules by fY27.
The broader renewable energy sector remains in focus as India’s GDP is expected to grow at 6-6.5 per cent Cagr by 2030, Driven by Massive Energy Consumption. Yes securities noted that while coal coal and petroleum’s share will decline, renewables are expected to grow at a faster rate, with Solar Power Leading Clean Energy Transition. The Government’s Ambitious Target to Reach 900GW Renewable Capacity by Fy32 is Expected to Benefit Large Integrated Players Like Waaree.
Published on September 19, 2025