Upwisery advised Solar Industries for its proposed acquisition of Omnia Holdings, South Africa
Upwisery advised Solar Industries India Limited on M&A Tax Structuring, Regulatory and Valuation matters for its proposed 100% acquisition of Johannesburg-listed Omnia Holdings Limited. The all-cash transaction, valued at approximately US$1.36 billion (~₹12,950 crore), is subject to regulatory and shareholder approvals.
The acquisition builds on more than fifteen years of Solar's presence in Southern Africa, from its Zambia facility in 2010 through its South African manufacturing base and the 2024 acquisition of ProBlast. Once completed, it is expected to be among the largest M&A transactions in the history of the India–South Africa corridor.