What this entry found
- ONLY ONE OUTLET HAD THIS
livemint.com carried 7 details no other outlet reported.
- Solar Industries managing director Manish Nuwal told investors on Wednesday (September 16, 2026) that the company expects revenue to increase more than three times to about ₹32,000 crore in the next two years
- Solar Industries managing director stated Ebitda is expected to more than double and surpass ₹7,000 crore by FY28
- Solar Industries reported revenue of ₹9,838 crore and Ebitda of ₹2,750 crore in FY26
- The combined company will have presence in 110 countries from about 90 countries at present
- The combined company will have manufacturing sites spread across 25 nations, up from 11
- The focus of the combined entity would be on expanding in the Indian and African markets, according to managing director Manish Nuwal
- Omnia manufactures ammonium nitrate, a key input for industrial explosives that Solar Industries presently buys from the market
Day name corrected
The summary below named a weekday that does not match its own date. The date is as written; only the day name was recomputed from it.
Tuesday's intraday trade on September 16, 2026→ Wednesday's intraday trade on September 16, 2026Tuesday (September 16, 2026→ Wednesday (September 16, 2026
Solar Industries India Limited announced on September 14, 2026, that its subsidiary Solar SA Investments will acquire 100% of South African diversified group Omnia Holdings in an all-cash transaction for approximately $1.355 billion (₹12,951 crore or R21.8 billion) at R134.50 per share. The transaction is subject to regulatory approvals and shareholder consent, with completion expected in early to mid-2027, and will result in Omnia's delisting from the Johannesburg Stock Exchange.
Who reported it
- app.dealroom.coUNCLASSIFIED
- business-standard.comUNCLASSIFIED
- cnbcafrica.comUNCLASSIFIED
- economictimes.comUNCLASSIFIED
- livemint.comUNCLASSIFIED
- millingmea.comUNCLASSIFIED
- moneycontrol.comUNCLASSIFIED
- sahi.comUNCLASSIFIED
- thehindubusinessline.comUNCLASSIFIED
References
- app.dealroom.coIndia's Solar Group to buy South Africa's Omnia for $1.3B, take it privateScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- business-standard.comSolar Ind to acquire South Africa's Omnia for ₹12,951-crore; stock slips 9%Screenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- cnbcafrica.comIndia’s Solar Industries to buy South Africa’s Omnia Holdings for $1.36 blnScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- economictimes.comSolar Industries shares crash 9% after acquisition of South Africa’s Omnia Holdings for Rs 12,951 croreScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- livemint.comSolar Industries expects to triple revenue in two years with $1.36 billion buyout of South Africa's OmniaScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- millingmea.comSolar Industries to acquire South Africa’s Omnia for US$1.36BScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- moneycontrol.comSolar Industries falls 9% as company to acquire South Africa's Omnia Holdings for nearly Rs 13,000 crScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- sahi.comSolar Industries Subsidiary To Purchase Omnia Holdings In South Africa For ₹12,951 CroreScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
- thehindubusinessline.comSolar Industries acquires South Africa’s Omnia Holdings for $1.36 billionScreenshot as publishedOriginalcaptured 2026-09-15T12:37:12
Carried by multiple outlets
- Solar SA Investments, a wholly-owned subsidiary of Solar Industries India Limited, will acquire 100% of Omnia Holdings in an all-cash transactionapp.dealroom.co, business-standard.com, cnbcafrica.com, economictimes.com, moneycontrol.com, sahi.com, thehindubusinessline.com
- The transaction value is approximately $1.355 billion (₹12,951 crore)business-standard.com, economictimes.com, moneycontrol.com, sahi.com, thehindubusinessline.com
- The offer price is R134.50 per shareapp.dealroom.co, millingmea.com, sahi.com, thehindubusinessline.com
- The transaction value is R21.8 billionapp.dealroom.co, millingmea.com, sahi.com
- The transaction value is approximately $1.36 billioncnbcafrica.com, livemint.com, millingmea.com, thehindubusinessline.com
- The implementation agreement was signed on September 14, 2026app.dealroom.co, thehindubusinessline.com
- and 7 more, not shown
Reported by one outlet only
- The R134.50 offer represents a 30.98% premium over Omnia's closing price of R102.69 on September 10, 2026 (the last trading day before the deal was announced)only app.dealroom.co
- Solar Industries was founded in 1995 as a single-site manufactureronly app.dealroom.co
- Solar Industries sells industrial explosives in more than 90 nations through two divisions: industrial explosives and defence and aerospaceonly app.dealroom.co
- Solar Industries slipped 9 per cent to ₹20,191 on the BSE in Wednesday's intraday trade on September 16, 2026only business-standard.com
- Solar Industries hit a fresh high of ₹22,630 on the BSE in early trade on September 16, 2026only business-standard.com
- Solar Industries stock rallied 88 per cent from its March 2026 low of ₹12,036.15only business-standard.com
Reported unevenly
- The percentage premium of the R134.50 offer price over Omnia's recent trading pricestated by app.dealroom.co (30.98% premium over R102.69 on September 10), sahi.com (14.3% premium over closing price on Friday, September 11)
Not yet confirmed against a primary source
- Confirm the specific closing price of Omnia on September 10 versus September 11, 2026, to reconcile the 30.98% premium (app.dealroom.co referencing R102.69 on September 10) versus the 14.3% premium (sahi.com referencing September 11 closing). These different reference dates may explain the discrepancy.
- Verify Solar Industries' exact global manufacturing footprint count (11 countries per app.dealroom.co vs. 25 nations in combined entity per livemint.com vs. 40+ facilities globally per cnbcafrica.com) to establish which represents current operations and which represents post-acquisition plans.
What was checked, and against what
Nothing here could be settled from a primary source. 2 cannot be established from public sources and are listed below. Every document is linked so you can read the same record we did. Anything not confirmed is listed as such rather than left out.
- cannot be established These different reference dates may explain the discrepancy.The disagreement between outlets is itself the finding. No primary source is needed to report that they differ.
- cannot be established 25 nations in combined entity per livemint.com vs. 40+ facilities globally per cnbcafrica.com) to establish which represents current operations and which represents post-acquisition plans.The disagreement between outlets is itself the finding. No primary source is needed to report that they differ.








