Waaree Energies to pick up 76% in smart electric meters company Racemosa for Rs 53 crore
Solar PV module maker Waaree Energies on Friday said it will acquire a 76% stake in Racemosa Energy India for ₹53 crore.
Founded in 2018, Racemosa Energy India is a Maharashtra-based manufacturer of smart electric meters.
Post the acquisition, Racemosa Energy India will become a step-down subsidiary of Waaree Energies.
