Under the MoU, CESC Green Power plans to establish a 3 gigawatt solar cell and module manufacturing plant in Uttar Pradesh.
The company had earlier informed on January 5, 2026, about the completion of the acquisition of 7.18 crore equity shares from Mylan Inc under the same transaction.
During the quarter, Waaree commissioned an additional 2.1 gigawatt solar module manufacturing facility at Chikhli and a 3 gigawatt facility at Samakhiali in Gujarat.
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According to Embassy Developments, the proposed projects will have a combined gross development value of more than ₹12,000 crore.
A look at what stocks the Big-6 Mutual Fund Houses by equity AUM bought and sold in December 2025
It further added that the company will raise funds via qualified institutional placement (QIP) to part-fund the acquisition.
Passive flows in December 2025 were robust, but largely driven by flows into precious metal ETFs

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