Eppeltone Engineers: Waaree buys 24.21% stake

What's the deal? Waaree EnergiesDealroom has a profile for this one. Try Dealroom → has acquired a 24.21% stake in Eppeltone EngineersDealroom has a profile for this one. Try Dealroom → through its step-down subsidiary, Waaree Smart MetersDealroom has a profile for this one. Try Dealroom →. The off-market transaction closed on 7 August 2026 at a cost of about ₹21.78 crore.

What each side brings: Eppeltone Engineers, established in 1977, manufactures electronic energy meters, including smart meters and power conditioning devices. WaareeDealroom has a profile for this one. Try Dealroom → gains those capabilities through the deal.

What's the endgame? Waaree aims to integrate smart meter technology and strengthen its presence across the energy value chain. It expects the move to enhance its product offerings and competitive positioning in energy measurement and management.

The signal: Solar-focused Waaree is pushing beyond generation into the smart-grid layer, where metering and energy management sit at the centre of demand.

Read more: InvestyWise

Image credit: Ambernectar 13