Kamath Transformers Joins Waaree Energies in Rs 293 Crore Deal

Waaree Energies has secured Board approval to acquire Kamath Transformers for approximately Rs 293 crore in an all-cash deal. Kamath Transformers specializes in transformer manufacturing, complementing Waaree’s strategic goals in the energy infrastructure sector. The acquisition will be carried out through the purchase of shares priced at Rs 1 lakh each, with a face value of Rs 10.

In a parallel move, Waaree Forever Energies, a wholly-owned subsidiary of Waaree Energies, will acquire Green New Delhi Forever Energy. This transaction, also structured as an all-cash deal, supports Waaree’s broader strategy to diversify and enhance its presence across the energy sector.

Both acquisitions are expected to be completed in FY26, aligning with Waaree Energies’ long-term plan to scale operations and expand its footprint in the renewable and energy-related industries.

News by Rahul Yelligetti.