New Delhi, Jan. 26 -- Waaree Renewable Technologies Ltd (WRT) will invest Rs.1,225 crore to acquire a majority stake in power transmission towers maker Associated Power Structures Ltd, the company said in a regulatory filing. The company expects to complete the transaction by 30 April 2026.

The listed engineering, procurement and construction (EPC) arm of the Waaree Group will acquire a 55% stake in the Vadodara-based firm through an infusion of primary and secondary capital. About a fourth of the Rs.1,225 crore earmarked for the deal will be infused as primary capital into the firm, while the rest will be used to acquire a stake from existing shareholders, a person aware of the deal said.

Associated Power is an EPC firm specializing in...