Waaree Renewable to Acquire 55% Stake in ASPL for ₹1,225 Crore; Shares in Focus

• Waaree Renewable Technologies will acquire approximately 55% stake in Associated Power Structures Limited (ASPL) for ₹1,225 crore.
• The acquisition aims to strengthen Waaree Renewable's presence in the power transmission and distribution segment and the power infrastructure value chain.
• The deal, approved by the Board of Directors, will be completed through primary capital infusion and secondary share purchase, making ASPL a subsidiary.
• This strategic move follows Waaree Renewable's strong Q3 FY26 financial performance, with net profit up 125% and revenue up 136% year-on-year.
• Waaree Renewable shares closed 3% lower on Friday, with a 9.6% decline year-to-date in 2026.

Why It Matters: Waaree Renewable is acquiring a majority stake in ASPL to boost its power infrastructure presence after strong financial results.