Waaree-Kamath Deal Cancelled

  Published 10 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.

You might like these

ACME Solar Secures 300 MW PPA in Rajasthan

Angel One Q1 FY26 Performance: Key Highlights

Aurionpro & MasterCard Deploy AFC in Egypt for Cashless Transit

Bajaj Finance AUM & Customer Growth Q1 FY26

India-UK FTA Targets $160B Trade

RBI Forex Moves and Reserves Update

Ambuja Cements Q1 Profit Climbs 23%

News that matters the most ⚡