Public Market Secondary Issues
Solar PV cells maker Waaree Energies gets shareholders’ nod to raise Rs.10,000-Cr via QIP
Mumbai-based photovoltaic cell maker Waaree Energies has received shareholder approval to raise Rs.10,000-Cr through equity shares via a qualified institutions placement (QIP).
Company website ↗ (opens in a new tab)
Between Jan 2015 and Jun 2023, Waaree Energies had attracted about $ 269 M from Peak Ventures, Kalpavriksh Fund, ValueQuest and others.For FY25, Waaree Energies had reported about INR 12,765 Cr in Operating Income and about INR 1,781 Cr in PAT.