Archive · 14 Sep 2026
Solar Industries India Expands South Africa Presence Through Omnia Acquisition
Solar Industries India makes explosives and related systems for industries such as mining, construction, defence and space.
Its subsidiary plans to buy a company called Omnia Holdings in South Africa.
The deal is expected to cost about $1.355 billion.
Omnia works in mining and agriculture across many countries.
The purchase still needs regulatory approvals and approval from Omnia’s shareholders.
Solar says the deal could help it become a global leader in explosives and blasting solutions.
It would also give Solar an entry into crop nutrition and biological products.
Solar’s shares have grown sharply over the past 10 years, according to the article.
Solar Industries India’s step-down subsidiary agreed to acquire all outstanding shares of South Africa-based Omnia Holdings.
The all-cash transaction is valued at approximately $1.355 billion, or ₹12,951 crore, subject to regulatory and shareholder approvals.
Omnia operates in 23 countries and serves customers in more than 40 countries across mining and agriculture markets.
Omnia reported approximately $1.41 billion in revenue for the financial year ended 31 March 2026 and remained net cash positive.
Solar Industries India shares have risen 3,381% in 10 years, turning a ₹1 lakh investment into nearly ₹35 lakh, according to the article.
- Who
- Solar Industries India, through its wholly owned step-down subsidiary Solar SA Investments Proprietary Limited, and Omnia Holdings Limited.
- What
- Solar SA Investments agreed to acquire all outstanding shares of Omnia in an all-cash transaction.
- When
- The announcement was made on 14 September; the article also cites share-price data through 9 September and the financial year ended 31 March 2026.
- Where
- The acquisition concerns Omnia Holdings, which operates in South Africa and 22 other countries, serving markets across Africa and internationally.
- Why
- Solar said the transaction would expand its global explosives and blasting business and provide entry into integrated crop nutrition and biological solutions.
- Acquisition value
- Approximately $1.355 billion, or ₹12,951 crore
- Buyer
- Solar SA Investments Proprietary Limited
- Target
- Omnia Holdings Limited
- Omnia’s operations
- Present in 23 countries and serving customers in more than 40 countries
- Omnia revenue
- Approximately $1.41 billion, or ₹13,307 crore, for the financial year ended 31 March 2026
- Ten-year share return
- Solar Industries India shares rose 3,381%, according to the article
- 52-week share range
- High of ₹22,617.10 and low of ₹11,641.10