Rs 47,000 crore order book: Solar company made an investment of Rs 300 crore in its wholly-owned subsidiary through rights issue
DSIJ Intelligence-1 / 26 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 94.1 per cent from its 52-week low of Rs 1,808.65 per share.
Waaree Energies Limited has invested Rs 300 crore in its wholly-owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), through a rights issue. WESSPL, incorporated in 2020, operates in the renewable energy sector, though it has had no turnover in the last three financial years. This transaction is considered a related-party transaction since WESSPL is a wholly-owned subsidiary, but it's done at arm's length.
The purpose of this investment is to fund the establishment of a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant. The consideration for this investment is cash, specifically for 60 crore partly paid-up equity shares at Rs 5 per share, with the remaining Rs 5 per share payable on call. There is no change in Waaree Energies' shareholding percentage, as WESSPL will remain a wholly-owned subsidiary after this transaction. No government or regulatory approvals are required for this acquisition.
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About the Company
Waaree Energies Limited, an Indian solar energy company, has been a significant player in the global solar industry since its inception in 1990. With an aggregate installed capacity of 15 GW, the company is India's largest manufacturer and exporter of solar PV modules. Waaree's product portfolio includes a diverse range of solar solutions, such as multicrystalline, monocrystalline, and advanced TOPCon modules. The company operates 5 manufacturing facilities in India. Waaree is expanding its facilities to reach 21 GW by 2027, including backwards integration into solar cells, ingot and wafer production.
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The company has a market cap of over Rs 99,000 crore. As of March 31, 2025, Waaree Energies Limited boasts a substantial 25-GW or Rs 47,000 order book for solar PV modules, including domestic, export, and franchisee orders. The stock is up by 94.1 per cent from its 52-week low of Rs 1,808.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.