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News Topical, Digital Desk : Shares of Waaree Renewable Technologies Limited (WRTL) have been under constant pressure in recent months. However, while the market was on holiday on January 26th, the company made a decision that could significantly impact the stock's movement in the coming days.
The company's board has approved the acquisition of approximately 55% of its stake in Associated Power Structures Limited (ASPL). The acquisition will be valued at approximately ₹1,225 crore and will be paid in cash consideration. Who is this company? - ASPL's full profile
ASPL, or Associated Power Structures Limited, was founded in 1996 and is a major player in the power transmission and distribution sector. According to page 2 of the PDF, the company's financial position is strong
: Net worth: ₹339.53 crore
Turnover FY25: ₹1,226.64 crore
Total assets: ₹834.15 crore
ASPL also operates in several countries and its business is linked to the infrastructure sector—a key component of Waaree's renewable strategy. Why is WRTL making this acquisition? The company has clearly stated that this deal is part of its long-term clean energy strategy. Following the acquisition, WRTL will be able to establish a stronger presence in the power transmission, power distribution, and renewable energy ecosystems. According to the company, ASPL's business is aligned with its existing renewable portfolio and offers significant scale-up opportunities. When will the deal be completed? The estimated completion date for the deal is April 30, 2026. Following this, ASPL will become a subsidiary of Waaree Renewable Technologies. Why was the stock falling? WRTL has been under pressure in the market for the past few months due to factors such as valuation concerns, a lack of improvement in the renewable sector, and profit booking. However, this major move by the company could change investor sentiment. What will happen when the market opens on January 27th? Since the announcement was made on a holiday (January 26th), its impact will be visible as soon as the market opens on the morning of January 27th. The ₹1,225 crore deal clearly indicates that the company is preparing for aggressive expansion. The message for investors is that this deal will strengthen the company's business scale, revenue capability, and sector presence. Although the stock has seen a sharp decline recently, the impact of this acquisition is expected to be seen in the coming sessions.
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