Waaree Energies shares fell nearly 2% to touch an intraday low of ₹2,996 apiece on Tuesday, June 16, after the shareholders approved the company's fundraising plans.

"Approval to raise capital by way of a qualified institutions placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs 10,000 crore," the company said in a regulatory filing.

On April 29, Waaree Energies' board had approved raising up to ₹10,000 crore through the issuance of equity shares and non-convertible debentures, along with warrants and any other eligible securities convertible into equity shares of the company or any combination (collectively, securities) on Qualified Institutional Placement.

Apart from this, the shareholders have also approved the appointment of Jignesh Devchandbhai Rathod as a whole-time director and chief executive officer (CEO) of the company.

In a separate filing on Monday, the company also informed us that it secured an order for the supply of 800 megawatts of solar modules to a renowned customer who is a leading energy solutions provider.

Waaree Energies share price details

At 10:06 AM, shares of Waaree Energies were trading at ₹3,031.7 apiece on the National Stock Exchange, losing 0.63%.

In a month, shares of the company have advanced little over 1%, while for six months' time, they have jumped 3%. On a year-on-year basis, Waaree Energies shares have gained 6%.

According to NSE data, the company has a market capitalisation of ₹87,805.57 crore.

Shares of the company had touched their one-year high of ₹3,865 apiece on September 12, 2025, while their 52-week low of ₹2,403 was hit on January 21, 2026.