Waaree Energies to acquire 76% stake in smart meter maker Racemosa Energy
Waaree Energies, a leading solar PV module manufacturer, has acquired a 76% stake in Racemosa Energy India for Rs 53 crore. The company's board of directors approved the acquisition with the primary objective of integrating smart meters into its portfolio. Waaree Energies also announced the sale of a 14.66% stake in its subsidiary company, Indosolar Ltd