Rajani Associates Advises Associated Power Structures on Acquisition by Waaree Renewable Technologies
Rajani Associates advised Associated Power Structures Private Limited (APSPL) and its promoters in connection with the acquisition of a 55% stake in APSPL by Waaree Renewable Technologies Limited through a combination of primary and secondary transactions.
The transaction was valued at approximately INR 1,225 crore and was completed on June 18, 2026.
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Rajani Associates advised APSPL and its promoters on the review, revision and negotiation of the definitive transaction documents, assisted in the closing of the transaction, and provided general legal advisory support in connection with the transaction.
The Rajani Associates team advising on the transaction comprised Prem Rajani, Managing Partner; Poorvi Sanjanwala, Senior Partner; Rutvik Rajagopal, Principal Associate; and Sakshi Solanki, Associate.
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