SECTOR
Waaree Energies gets nod to acquire 33.34% stake in Wictor Sealz
Nov-02-2026

Waaree Energies has received approval to acquire 33.34% of the paid-up equity share capital of Wictor Sealz from Vimac Impex (Vimac) through a Share Purchase-cum-Shareholders’ Agreement (SHA) proposed to be executed among the Company, Wictor Sealz and Vimac. The acquisition is to be completed within Financial Year 2026-27.

In terms of the SHA, the company shall post-acquisition, make a further investment of Rs 5 crore in Wictor Sealz. The investment is proposed with a view to strengthening the company’s supply chain integration, reducing dependence on imported solar module sealant, enhancing supply security and creating long-term strategic value for stakeholders.

The Board of Directors of the Company at its meeting held on October 31, 2026 has considered and approved the same.

Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.


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