Waaree-Kamath Deal Cancelled

  Published 8 months ago

Waaree Energies cancels Kamath Transformers acquisition after failure to finalize deal terms within agreed timelines.

  • Deal announced in May 2025 aimed at a full cash-based acquisition for strategic expansion in transformer manufacturing.
  • Kamath reported strong revenue growth from ₹25.73 crore in FY22 to ₹122.68 crore in FY24.
  • Waaree remains focused on solar solutions; posted 34% profit growth and 36% sales rise in Q4 FY25.

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