Waaree enters grid infrastructure with ₹1,225 crore buy of 55% stake in Gujarat-based Associated Power Structures

Waaree Renewable Technologies will acquire a 55% stake in Gujarat-based Associated Power Structures Ltd for ₹1,225 crore, marking the Waaree Group’s entry into grid and transmission infrastructure. The deal involves a mix of primary and secondary share purchases and will make APSL a subsidiary of Waaree Renewable, valuing the company at ₹2,800 crore.