Introduction
Leading renewable energy firm plans to acquire a majority stake in Racemosa Energy (India) Private Limited, enhancing its presence across the energy value chain and strengthening capabilities in smart meter solutions.
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Share price movement of Waaree Energies
On September 19, 2025, Waaree Energies Ltd opened at ₹3,514.00, up 0.38% from its previous close of ₹3,500.75. The stock reached a high of ₹3,535.35 and a low of ₹3,470.00. By 12:49 PM, it traded at ₹3,499.50, a 0.04% decrease, with a market cap of ₹1,00,534.76 crore.
Waaree Energies to Acquire 76% Stake in Racemosa
Waaree Energies Limited’s board approved its subsidiary, Waaree Power Private Limited, to acquire 76% stake in Racemosa Energy (India) Private Limited. The acquisition is subject to regulatory approvals and closing conditions.
Racemosa Energy, incorporated in 2018, manufactures smart meters. After the deal, it will become a step-down subsidiary of Waaree Energies. The acquisition is valued at approximately ₹53 crore in cash.
The acquisition aims to strengthen Waaree’s presence across the energy value chain by integrating smart meters. Completion is expected in FY 2025-26 or as mutually agreed by the parties.
Recent news on Waaree Energies
As of September 11, 2025, Waaree Renewable Technologies Ltd received a Rs 1,252.43 crore LOA from Waaree Forever Energies to execute an 870 MWac/1218 MWp solar EPC project.
Stock performance of Waaree Energies for Period of 1 week, 1 month, and 6 months
Waaree Energies Ltd delivered a -3.68% return over the past week. The stock gained 11.1% in the past month and 48.8% over the past six months.
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Shareholding pattern of Waaree Energies
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 64.30% | 64.30% | 64.30% |
| FII | 2.70% | 0.70% | 1.40% |
| DII | 2.90% | 2.50% | 2.70% |
| Public | 30.20% | 32.50% | 31.60% |
About Waaree Energies
Waaree Energies Ltd (NSE: WAAREEENER), incorporated in 1990, is India’s largest solar PV module manufacturer and exporter, with 12 GW installed capacity, five domestic facilities, and a significant presence in international markets.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Waaree Energies Ltd share price going up today?
A: Waaree Energies Ltd share price is rising after approving its subsidiary to acquire 76% stake in Racemosa Energy (India) Private Limited.
Q: What does Waaree Energies Ltd specialize in?
A: Waaree Energies Ltd specializes in manufacturing and exporting solar PV modules, with significant domestic and international market presence.
Q: How much stake do promoters hold in Waaree Energies Ltd stock?
A: Promoters hold a 64.30% stake in Waaree Energies Ltd, reflecting substantial ownership and control over the company.
