Waaree Energies to acquire data centre firm Waaree Green Data Centers for ₹1 lakh

Mergers & acquisitions
solar equipment manufacturing

Blacklitt Research27 October 20262 min read

Rows of ground-mounted solar panels on metal frames over snowy grass, with a red building in the background. — Wikideas1, via Wikimedia Commons (CC0). Illustrative image.

Waaree Energies (NSE: WAAREEENER) has agreed to acquire 100% of Waaree Green Data Centers Private Limited and its two wholly-owned subsidiaries from its subsidiary Waaree Renewable Technologies Limited, it said in a filing on 27 Oct 2026. The cash consideration for the WGDCPL shares is ₹1 lakh, and the company says the target entities are in data centre and cloud services in India.

The acquisition and its target entities

The board approved on 27 Oct 2026 the acquisition of 100% of Waaree Green Data Centers Private Limited, formerly Sunsantional Energy Private Limited, along with its two wholly-owned subsidiaries, Aurovault Data Centers Private Limited and Sunstar Data Centers Private Limited. The shares acquired are 10,000 equity shares of face value ₹10 each, and the acquisition date is given as 11 Sep 2026.

The company says the target entities are engaged in establishing and operating data centers and allied infrastructure, including hyperscale, AI-ready and edge data centers, and cloud services in India. Aurovault Data Centers was incorporated on 14 Sep 2026 and Sunstar Data Centers on 11 Sep 2026. All the target companies are yet to commence operations.

The company states the acquisition is not in its main line of business, which is manufacturing solar equipment. It says Waaree Energies is evaluating entry into developing, owning and operating data centers. The transaction is a related party transaction, and the company says it is done at arm's length and in the ordinary course of business.

How it fits the company

The consideration of ₹1 lakh for the WGDCPL shares is small against the company's market value of ₹65,440 crore at the 27 Oct 2026 close. The filing gives no amount for the two subsidiaries, so the total cost of the deal is not known from the filing.

The company's Q2 FY27 consolidated total income was ₹7,664.81 crore, and its net profit was ₹753.64 crore, reported in the same board meeting that approved the deal.

What the data centre step means for Waaree Energies' shareholders

The company says the transaction is completed within FY 2026-27 on an indicative timetable.

Not stated: the reason for the acquisition and the business plan for the target entities, the amount payable for the two subsidiaries, the source of funding beyond the stated consideration, when operations will start, and the effect on the listed company's results. The next step is completion, indicated for FY 2026-27.

At a glance

Item	Detail
Target	Waaree Green Data Centers Private Limited (formerly Sunsantional Energy Private Limited)
Subsidiaries	Aurovault Data Centers Private Limited; Sunstar Data Centers Private Limited
Holding acquired	100% (10,000 equity shares of ₹10 each)
Cash consideration	₹1 lakh for WGDCPL shares
Seller	Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies
Indicative completion	FY 2026-27

Reference: Original filing (PDF)

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