Stories
Solar Industries to Acquire Sivasakthi Industrial Explosives for ₹115 Crore
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CNBC TV18•15-10-2026, 23:09
Solar Industries to Acquire Sivasakthi Industrial Explosives for ₹115 Crore
- •Solar Explochem, a wholly owned subsidiary of Solar Industries India, signed a share purchase agreement to acquire 100% of Sivasakthi Industrial Explosives for ₹115.02 crore.
- •The strategic acquisition aims to drive business expansion and is slated for completion within the next 12 months, subject to agreed terms.
- •Sivasakthi Industrial Explosives, incorporated in 2008, specializes in manufacturing and trading explosives for industrial mining and other applications.
- •Following the announcement, shares of Solar Industries India on the NSE experienced a 1.51% decline, closing at ₹19,866.
Key Questions Answered
Solar Industries' wholly owned subsidiary, Solar Explochem, signed a share purchase agreement to acquire 100% of Sivasakthi Industrial Explosives for a cash consideration of ₹115.02 crore.
The share purchase agreement to acquire Sivasakthi Industrial Explosives was signed on October 15, 2026, according to a regulatory filing.
The proposed acquisition of Sivasakthi Industrial Explosives is expected to be completed within 12 months, subject to the agreed terms and conditions.
