Waaree Energies Acquires 64% Stake in Transformer Maker Kotsons

Waaree Energies acquires 64% stake in transformer maker Kotsons

Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.

Waaree Energies enters transformer business with majority acquisition of Kotsons

Kotsons’ UL certifications for dry transformers open significant opportunities for exports to the USA and Canada, aligning with Waaree’s growing international presence.Waaree Energies Ltd has acquired 64% equity stake in Kotsons Pvt Ltd through a primary capital infusion of about INR 192 crore, making Kotsons a subsidiary of Waaree Energies. The proceeds of this infusion will be utilized to further expand Kotsons’ manufacturing capacity, enablin…

Waaree Energies Enters into Transformer Business with Strategic Majority Acquisition of Kotsons Private Limited

Waaree Energies Limited, India’s largest solar module manufacturer and a leading renewable energy company, has acquired 64% equity stake inKotsons Private Limited through a primary capital infusion of about ₹192 […] The post Waaree Energies Enters into Transformer Business with Strategic Majority Acquisition of Kotsons Private Limited appeared first on SolarQuarter.

Waaree Energies Gains After Board Approves 64% Acquisition in Kotson’s

Waaree Energies shares rose on Tuesday after the company’s board approved the acquisition of a majority stake in Kotson’s (KPL). The stock was trading at ₹3,210.00 on the BSE, up by ₹11.65 or 0.36% from the previous close of ₹3,198.35. The scrip opened at ₹3,238.35 and touched an intraday high of ₹3,247.95 and a low of ₹3,196.80, with over 75,000 shares traded during the session. The BSE group ‘B’ stock, with a face value of ₹10, hit a 52-week h…