Zodiac Energy Acquires 98% Stake in 8 Solar LLPs

Zodiac Energy Limited has acquired a majority stake of 98% in eight Limited Liability Partnerships (LLPs) engaged in setting up solar power plants. The LLPs, including Girdhari Solar Projects LLP and Parvati Solar Projects LLP, have become subsidiaries of Zodiac Energy, effective September 16, 2026. The acquisition was made through direct capital contribution for a total consideration of Rs. 19,600. The company stated that the LLPs' objectives align with its own, and this move will further expand its business operations. The transactions were conducted on an arm's length basis, despite promoter group interest.