As on July 31, 2022, WAAREE ESS Private Limited has a turnover of Rs10,25,68,250/- (Ten Crores Twenty-Five Lakhs Sixty-Eight Thousand Two Hundred and Fifty only). The net worth of the Lithium Battery Business Undertaking of the Seller as on July 31, 2022 is Rs11,43,40,023/- (Eleven Crores Forty-Three Lakhs Forty Thousand and TwentyThree Only) and of the Seller (as a whole) is Rs1,31,87,352/-(One Crore Thirty-One Lakhs Eighty-Seven Thousand Three Hundred and Fifty Two Only).
On account of the potential growth of the Lithium battery business due to exponential increase in demand for battery operated devices, equipment and components used in or required for industrial, transport, commercial and consumptive purpose in India, the management of WTL desires to purchase the lithium battery business from WESS and house the same in in the Company to emanate the benefits of:
At around 1:46 PM, Waaree Technologies was trading at Rs120.75 per share higher by 5% on the BSE.
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