Business

Solar Industries shares crash 9% after acquisition of South Africa’s Omnia Holdings for Rs 12,951 crore

The Economic Times · 15 September 2026 at 11:57 am

Solar Industries shares fell sharply on Tuesday after the company announced the Rs 12,951 crore acquisition of South Africa’s Omnia Holdings in an all-cash deal.

The transaction, subject to regulatory and shareholder approvals, is expected to strengthen Solar’s global explosives and blasting business while expanding its presence across Africa and other international markets.

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Solar Industries shares crash 9% after acquisition of South Africa’s Omnia Holdings for Rs 12,951 crore

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