Zodiac Energy Acquires Majority Stake in Two LLPs
Zodiac Energy Ltd has announced the acquisition of a majority stake (98%) in Umaputra Solar Projects LLP and Kripalu Solar Projects LLP, effective August 13, 2026. These LLPs are engaged in setting up and selling solar power. The company also increased its holding in Harikrishna Solar Projects LLP and Govind Solar Projects LLP from 15% to 98%. The acquisitions were made through direct capital contribution with cash consideration, costing ₹19,600 for each LLP. The total contribution for each LLP is ₹20,000, with a reported nil turnover. These moves are expected to further expand Zodiac Energy's business operations in the solar energy sector. The transactions are considered arm's length, despite promoter interest.
Key Highlights
- Zodiac Energy acquired 98% stake in two solar project LLPs.
- Holding in two other solar LLPs increased to 98%.
- Acquisitions effective August 13, 2026, aim to expand business.
- Transactions involve cash consideration and are arm's length.
- LLPs focus on solar power generation and sales.
Price Impact
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