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Waaree Renewable: Stock gains 2% as board approves ₹1,225 Cr acquisition deal

Waaree Renewable Technologies Limited plans to acquire 55% stake in Associated Power Structures Limited for INR 1,225 crore, making ASPL its subsidiary by April 30, 2026.
Waaree-Renewable-secures-102-93-crore-solar-project

Introduction

Leading renewable energy company plans to acquire 55% stake in a power transmission and distribution firm for INR 1,225 crore, making it a subsidiary by April 2026.

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Share price movement of Waaree Renewable

On January 27, 2026, Waaree Renewable Technologies Ltd opened at ₹893.80, up 1.78% from its previous close of ₹878.25. The stock reached a high of ₹896.00 (2.01%) and a low of ₹870.45. By 11:13 AM, it traded at ₹876.20, a 0.23% decline, with a market cap of ₹2,244.46 crore.

Waaree to Acquire ASPL Stake

Waaree Renewable Technologies Limited approved entering a binding term sheet to acquire approximately 55% stake in Associated Power Structures Limited for INR 1,225 crore.

ASPL, incorporated in 1996, operates in power transmission and distribution for the infrastructure sector. Its net worth is ₹339.53 crore, total assets ₹834.15 crore, and FY25 turnover ₹1,226.64 crore.

The acquisition will make ASPL a Waaree subsidiary. The transaction is cash-based, non-related party, and expected to complete by April 30, 2026, supporting Waaree’s renewable energy and efficiency strategy.

Stock performance of Waaree Renewable for Period of 1 week, 6 months, and 1 year

Waaree Renewable Technologies Ltd declined 1.42% over the past week, fell 16.5% in the past 6 months, and declined 1.70% over the past 1 year.

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Shareholding pattern of Waaree Renewable

ParticularsDec 2025Sep 2025Jun 2025
Promoter74.30%74.40%74.40%
FII1.70%1.40%1.30%
DII0.10%0.10%0.10%
Public23.90%24.10%24.20%

About Waaree Renewable

Waaree Renewable Technologies Ltd (NSE: WAAREERTL) is a leading renewable energy company with 12GW solar panel manufacturing capacity and provides power generation and consultancy services across India.

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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 Renewable Technologies Ltd share price rising today?

A: Waaree Renewable Technologies Ltd plans to acquire 55% stake in Associated Power Structures for INR 1,225 crore, making it a subsidiary by April 30, 2026.

Q: What is Waaree Renewable Technologies Ltd’s main business focus?

A: Waaree Renewable Technologies Ltd is engaged in renewable power generation, solar panel manufacturing, and consultancy services across India.

Q: What is the 52-week high and low of Waaree Renewable Technologies Ltd stock?

A: Waaree Renewable Technologies Ltd stock has a 52-week high of ₹1,358.50 and a 52-week low of ₹732.05.

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