Waaree Energies merges Indosolar at 1:11 swap ratio
pre-market1 source ↓written by the desknot a recommendation
- for merging
- 1:11 share swap ratio
- for FY27
- ₹7,000–₹7,500 crore
Waaree Energies has approved a 1:11 share swap ratio for merging with Indosolar Limited, enhancing its corporate structure. The company also secured a 2 GW solar module supply order, expected to boost its delivery pipeline through FY27 and FY28, with an EBITDA forecast of ₹7,000–₹7,500 crore for FY27.
This merger and order win may strengthen Waaree's market position and profitability outlook.
Not investment advice. For informational purposes only.