Solar Industries has announced an agreement to acquire South Africa's Omnia Holdings in an all-cash cross-border deal valued at ₹12,951 crore, according to a source report. The transaction is described as intended to create a global explosives and agricultural platform.
The deal stage is announced; the acquisition has not been reported as completed.
The same source report also carried unrelated items: SEBI has imposed fundraising curbs and forensic audits on Kore Digital over alleged revenue misstatements; the Enforcement Directorate has provisionally attached ₹42.13 crore in equity shares under the PMLA in the ongoing PACL investigation; the Supreme Court is examining the procedural validity of single-member PMLA adjudicating benches; and the NCLT Kolkata has advanced Axis Bank's corporate insolvency resolution petition to active adjudication.
No further details on the Omnia transaction, including its financing, timing or completion conditions, were provided in the source material.