Waaree Renewable Acquires 55% Stake in ASPL for ₹1225 Crore Amidst Share Decline

• Waaree Renewable Technologies Limited (WRTL) announced the acquisition of a 55% stake in Associated Power Structures Limited (ASPL) for ₹1,225 crore.
• The deal, made public on January 26, aims to strengthen WRTL's presence in power transmission, distribution, and the renewable energy ecosystem.
• ASPL, established in 1996, is a key player in power transmission and distribution with strong financials, including a turnover of ₹1,226.64 crore for FY25.
• The acquisition is part of WRTL's long-term clean energy strategy and is expected to be completed by April 30, 2026.
• Despite recent share price pressure due to valuation concerns, this strategic move could positively impact investor sentiment when the market reopens on January 27.

Why It Matters: Waaree Renewable's ₹1225 crore acquisition of ASPL signals aggressive expansion and strategic growth.