The Board of Directors of Waaree Energies has approved an investment of ₹1.9 billion (~$20.32 million) in its transformer solutions subsidiary Waaree Transpower, increasing its stake in the company to 75.1%. As of October 7, 2025, Waaree held a 64.04% stake in Waaree Transpower. Waaree will acquire 25.3 million shares at an issue price of ₹75 (~$0.802) per share.
