Indosolar Merges into Waaree Energies, Facility Located in Greater Noida
What happened
On September 23, 2026, the Board of Directors of Indosolar Limited approved a scheme of amalgamation to merge the company into Waaree Energies Limited. The merger, which is a related party transaction, is subject to statutory and regulatory clearances, including approvals from the National Company Law Tribunal and stock exchanges. Indosolar operates its solar photo-voltaic module manufacturing facility in Greater Noida.
From equitybulls.com
Why it matters
Indosolar, which reported a turnover of INR 68.36 crore as of June 30, 2026, is merging with Waaree Energies Limited, which has a broader operational scale in manufacturing solar cells and setting up solar power projects. The transaction involves two companies belonging to the same corporate group.
From equitybulls.com
Who's involved
- IndosolarIndian photovoltaic cell and solar panel manufacturer undergoing a merger
- Ministry of Corporate AffairsMinistry whose guidelines must be adhered to during the merger process
- Greater NoidaLocation where Indosolar operates a manufacturing facility
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The entities involved
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Indosolar
an Indian photovoltaic cell and solar panel manufacturer
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Ministry of Corporate Affairs
Indian Union Cabinet Ministry
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Greater Noida
city in Gautam Buddha Nagar district, Uttar Pradesh, India
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