Waaree Renewable to acquire 55% of Associated Power Structures

India's Waaree Renewable Technologies has approved the acquisition of an approximately 55% stake in power transmission and distribution contractor Associated Power Structures Ltd for INR 12.25 billion ($133.6 million), subject to due diligence and closing conditions.From pv magazine India Waaree Renewable Technologies said its board of directors has approved a binding term sheet to acquire around 55% of Associated Power Structures through a mix of primary and secondary investment. The transaction values the stake at INR 12.25 billion and remains subject to completion of due diligence and customary ...

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