Waaree Energies acquires majority stakes in Kotsons Private Ltd
Solar module maker Waaree Energies Ltd has purchased a 64% equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crores. Kotsons Private Ltd is a transformer manufacturer and would now be a subsidiary of Waaree Energies.
This move allows Waaree to expand into the transformer business, capitalising on the growing demand driven by renewable energy and infrastructure development.