Economy · India
Waaree Energies to Merge Indosolar in $100 Million Deal
Waaree Energies' board approved a merger that will absorb Indosolar in a transaction valued at roughly $100 million. Public shareholders of Indosolar will receive one Waaree share for every eleven shares they hold. The company said the merger should cut administrative duties, eliminate duplicate records and legal‑regulatory compliance costs, and allow more efficient use of capital.
How outlets across the spectrum covered it
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- Centre (2): The Financial Express, The Hindu BusinessLine
- International (1): Reuters