New Delhi, March 25 -- Shares of solar panel maker Waaree Energies gained 3.6% in intraday trade on Wednesday, March 25, hitting a day's high of Rs.3,197 apiece after the company said its board has approved a capital expenditure of Rs.3,900 crore to set up a glass manufacturing plant through its wholly owned subsidiary, Waaree Green Glass Private Limited, with a capacity of 2,500 TPD.

The company said the proposed capex will be funded through a mix of debt and internal accruals.

In addition, the board also approved the acquisition of an additional equity stake in its subsidiary, Waaree Transpower Private Limited, increasing its holding from 64.04% to 75.10% of the paid-up equity share capital.

Waaree Transpower Private Limited is engag...