M&A

M&A

Solar energy player Waaree Energies acquires Kamath Transformers for Rs.293-Cr

BSE Announcement   Economic Times   Kamath Transformers Pvt Ltd  

Mumbai-based, publicly listed Waaree Energies has acquired 100% stake in Bengaluru-based Kamath Transformers Pvt Ltd , a manufacturer of transformers, for INR 293 crore.The company has also acquired Green New Delhi Forever Energy Pvt Ltd through its wholly-owned subsidiary for INR 1 lakh.Waaree Energies manufactures solar PV modules and solar cells, besides providing complete solar EPC solutions, including rooftop and solar water pumping systems.