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Prachi Mehta

19th Sep · SEBI-Registered Analyst

Stocks in news today

JSWENERGY
’s wholly owned subsidiary -- JSW Neo Energy (JSW Neo) has signed a definitive agreement to acquire 100% shares in Tidong Power Generation (Tidong Power) from Statkraft IH Holding AS (Statkraft). The transaction is subject to regulatory and other customary approvals standard for a transaction of this size. The transaction values the asset at an Enterprise Valuation of around Rs 1,728 crore, subject to closing adjustments agreed under the share purchase agreement. Waaree Energies’ wholly owned subsidiary -- Waaree Power has received approval to subscribe 76% of the share capital of Racemosa Energy (India) subject to execution of definitive agreements, customary closing conditions and regulatory approvals. Cost of acquisition will be around Rs 53 crore. Further, pursuant to the above subscription of shares, Racemosa Energy (India) will become a step-down subsidiary of the company after the closing conditions are fulfilled. The Board of Directors of the company at its meeting held on September 18, 2025 has, inter alia, approved the same. Racemosa Energy (India) established in 2018, is in the business of manufacturing smart meters. Sasken Technologies has entered into strategic partnership with VicOne, an automotive cybersecurity solutions leader, to strengthen in-vehicle and fleet-wide cybersecurity for global OEMs and Tier-1 suppliers. VicOne is the Trend Micro subsidiary. As part of the collaboration, Sasken will leverage its over three decades of engineering, validation, and system integration expertise to co-sell, integrate, and operationalize VicOne’s cybersecurity solutions. This partnership will enable OEMs and Tier-1s to deploy cybersecurity at scale across ECUs, operating systems, and cloud systems, with audit-ready evidence, reduced investigation time, and hardened charging infrastructure.

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