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 high of ₹3,740.75 on November 6, 2024, and a 52-week low of ₹1,808.65 on April 7, 2025. Over the past week, the stock’s high and low were ₹3,496.00 and ₹3,162.00, respectively. Waaree Energies currently commands a market capitalisation of ₹92,210.72 crore.
Promoters hold a 64.30% stake in the company, while institutional and non-institutional investors hold 5.54% and 30.16%, respectively.
Waaree Energies has received board approval to enter into a Share Subscription and Shareholders Agreement to acquire 64% of the share capital of Kotson’s for a total consideration of ₹192 crore, subject to customary closing conditions. Following this acquisition, Kotson’s will become a subsidiary of Waaree Energies.
Established in 1978, Kotson’s is engaged in designing, manufacturing, and supplying advanced transformer solutions. The acquisition is expected to enable vertical integration, market expansion, and greater access to the electrical ecosystem for projects, enhancing supply chain control and product quality.
Additionally, Waaree Energies’ board has approved the acquisition of 100% shareholding of Impactgrid Renewables, a step-down subsidiary, from Waaree Forever Energies, its wholly owned subsidiary.
Waaree Energies is primarily engaged in the manufacture of solar photovoltaic modules, setting up solar projects, and the sale of electricity.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.