Waaree Energies gets shareholders' nod to raise up to Rs 10,000 cr via QIP

Waaree Energies on Monday said that it has got shareholders' approval to raise up to Rs 10,000 crore through the issuance of equity shares on a Qualified Institutions Placement basis.

On April 29, the board of the company approved raising of up to Rs 10,000 crore through the issuance of equity shares, non-convertible debentures, along with warrants, any other eligible securities convertible into equity shares of the company, or any combination (collectively, securities) on Qualified Institutional Placement.

According to a regulatory filing, the company got shareholders' approval to raise capital through a qualified institutions placement.

The shareholders also approved the appointment of Jignesh Devchandbhai Rathod as a Whole-Time Director & CEO of the company.

"...the resolutions as proposed in the postal ballot notice dated May 14, 2026, have been passed by the shareholders by remote e-voting process with requisite majority, on Saturday, June 13, 2026 (last date of remote e-voting)," it stated.

Add

as a Reliable and Trusted News Source

Add Now!

(You can now subscribe to our ETMarkets WhatsApp channel)
...moreless

(You can now subscribe to our ETMarkets WhatsApp channel)
...moreless

Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition

• Auditor red flagged Gymkhana land issue long before govt action

• Market darling to drawdown: Why momentum stocks are losing steam

• Paisabazaar wanted to get you loans; now it wants your funds

• Melting mountains: Can India defuse 189 looming flood risks in Himalayas?

• To cut or not to cut: What happens to Air India free-meals as losses swell

• Will peace get a chance, and bulls make a comeback? 5 large-cap stocks with an upside potential of up to 26%

• 1
• 2
• 3

View all Stories