Solar Industries India rises as its arm to acquire 100% stake in Sivasakthi
Solar Industries India is currently trading at Rs. 20090.00, up by 190.00 points or 0.95% from its previous closing of Rs. 19900.00 on the BSE.
The scrip opened at Rs. 19940.05 and has touched a high and low of Rs. 20235.90 and Rs. 19858.05 respectively. So far 3133 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 22630.05 on 15-Sep-2026 and a 52 week low of Rs. 11641.10 on 18-Dec-2025.
Last one week high and low of the scrip stood at Rs. 20373.65 and Rs. 19,858.05 respectively. The current market cap of the company is Rs. 181974.14 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 19.76% and 7.10% respectively.
Solar Industries India’s wholly owned subsidiary -- Solar Explochem has entered into a Share Purchase Agreement with Sivasakthi Industrial Explosives (Sivasakthi) for proposed acquisition of 100% of the issued and paid-up equity share capital of Sivasakthi. Solar Explochem will acquire 100% stake in Sivasakthi for a consideration of Rs 115.02 crore. The transaction is expected to be completed within a period of 12 months. The object of the acquisition is Business Expansion.
Sivasakthi is engaged in the manufacturing, production, processing, retailing, wholesaling, supply, distribution, and trading of all types of explosives for industrial mining and other purposes.
