| <p>Waaree Energies Ltd. announced that its board approved a draft scheme of amalgamation with Indosolar Limited, consolidating the two companies within the same group to simplify the structure and create a backward-integrated solar module manufacturing entity. As part of the deal, Indosolar Limited shareholders will receive 1 share of Waaree Energies Ltd. for every 11 shares held in Indosolar Limited. The amalgamation is subject to regulatory approvals, including those from the BSE Limited, the National Stock Exchange of India Limited, and the National Company Law Tribunal, as well as shareholder and creditor approvals.</p> |