New Delhi, Oct 7 (PTI) Waaree Energies on Tuesday acquired a 64 per cent stake in transformers manufacturer Kotsons Private Limited (KPL) for Rs 192 crore, an exchange filing said.

Post acquisition of shares, KPL has become a subsidiary of the company, Waaree Energies said.

Waaree Energies said it has “completed the acquisition of 64 per cent equity stake in Kotsons Private Limited for a total consideration of Rs 192 crore".

Kotson’s Private Limited is in the business of designing, manufacturing and supplying advanced transformer solutions. PTI ABI ABI BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI )

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