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Solar Industries agrees $1.355 billion Omnia purchase
The Hindu BusinessLine··15 Sept
Solar Industries India said its South Africa unit will buy 100 percent of Omnia Holdings for about US$1.355 billion, or Rs 12,951 crore, at ZAR 134.5 a share. Omnia reported US$1.41 billion revenue for the year ended March 31, 2026. Closing is expected in early to mid-2027 subject to approvals. Solar shares fell 13.64 percent to Rs 19,250.
Prism
What It Means For You
- Omnia will be delisted from the Johannesburg Stock Exchange and A2X Markets after closing.
- Managing director Manish Nuwal said the deal would be funded by debt on Omnia's books, not equity dilution.
- Livemint reported Solar expects combined revenue near Rs 32,000 crore within two years.
What's Happening
- The agreement was announced on September 14, 2026 by Solar SA Investments Proprietary Limited.
- Omnia operates across 23 countries and serves customers in over 40 countries.
- Solar said the aim is a global platform for commercial explosives and blasting solutions.
What Omnia adds to Solar's map
- Omnia's BME mining arm supplies bulk explosives, electronic detonators and mining chemicals.
- Solar, founded in 1995 in Nagpur, operates plants in 11 countries and employs over 16,500 people.
- The deal also opens an agricultural chemicals line through Omnia's crop nutrition businesses.
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