19 Sep 2025 | 5 Mins Read
Waaree Energies shares jump on board approval of Racemosa deal
Flipitmoney
Waaree Energies' wholly owned subsidiary will acquire a 76% stake in Racemosa Energy, Maharashtra-based smart meter manufacturer, for around Rs 53 crore. The deal aims to leverage Racemosa's smart metering capabilities and enhance Waaree Energies' offerings in renewable energy and power distribution. Shares of Waaree Energies have gained 22.4% in 2025 and are up 17% over the past month.