Acquisition / mergerFiled on BSE ·
Solar Industries India Ltd to acquire 100% stake in Sivasakthi Industrial Explosives
Solar Industries · Chemicals & Petrochemicals
What the filing says
- Acquisition agreement signed on October 15, 2026, by Solar Explochem Limited, a wholly owned subsidiary of Solar Industries India Limited
- Total consideration for acquiring 100% of Sivasakthi's share capital is ₹115.02 crore, paid in cash
- Sivasakthi manufactures and trades industrial explosives, with turnover of ₹1.26 crore in FY 2023-24 and nil in FY 2025-26; acquisition to be completed within 12 months
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.