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Waaree Acquires 55% Equity Stake in Power Transmission Firm APSL

The acquisition of the majority stake is for a consideration of ₹12.25 billion

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Waaree Renewable Technologies (WRTL), the engineering, procurement, and construction (EPC) arm of the Waaree Group, has announced the acquisition of approximately 55% of equity stake in power transmission and distribution company Associated Power Structures’ (APSL) for a total consideration of around ₹12.25 billion (~$133.6 million).

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