Waaree Energies Completes $30 Million Acquisition of United Solar Holding Shares; Shares Rise 5.68%

Mumbai, March 17: Waaree Energies Limited has completed the acquisition of 53,68,551 Series B preferred shares of United Solar Holding Inc through its wholly owned subsidiary, according to an exchange disclosure.

The transaction was executed by Waaree Solar Americas Inc for a total consideration of approximately $30 million. The company stated that the acquisition follows its earlier disclosure dated December 19, 2025, confirming the planned investment.

As per regulatory filing, the company received intimation regarding completion of the acquisition at 17:31 IST on March 16, 2026. The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements. No additional operational or financial integration details were outlined in the filing.

Waaree Energies Stock Performance Snapshot

Shares of the company moved sharply higher following the announcement, indicating strong market response to the overseas expansion.

As of 10:56 IST on March 17, 2026, the Waaree Energies share price stood at ₹2,949.10, up ₹158.40 or 5.68% so far in today’s session. The stock opened at ₹2,791.30 and touched a high of ₹2,963.50, while the low was ₹2,786.20 so far.

The stock traded well above its previous close of ₹2,790.70, reflecting sustained buying interest, according to exchange data.

Company Background

Waaree Energies Limited operates across the solar energy value chain, primarily engaged in manufacturing photovoltaic modules and executing solar power projects. The company has been expanding its global footprint through subsidiaries, particularly in the United States market.

The acquisition via Waaree Solar Americas Inc is aligned with its strategy to strengthen international presence and gain exposure to global solar infrastructure opportunities. Such investments typically support technology access, supply chain integration, and geographic diversification.

Conclusion

The completion of the United Solar Holding stake acquisition marks a significant step in Waaree Energies’ international expansion roadmap. While the company has disclosed the transaction value, further clarity on earnings contribution and operational synergies is awaited.

The sharp rise in the stock, up over 5% so far on March 17, 2026, suggests a favourable near-term market reaction following the regulatory update.

Source:

• https://www.nseindia.com/get-quote/equity/WAAREEENER/Waaree-Energies-Limited
• https://nsearchives.nseindia.com/corporate/WAAREE_16032026192533_01_SE_intimation_completion_of_acquisition.pdf