Acquisitions12 Aug 2025, 08:00 pm
Zodiac Energy Ltd Acquires Dharmik Solar Projects LLP with 51% Stake
AI Summary
Zodiac Energy Ltd has acquired a majority stake in Dharmik Solar Projects LLP, a company engaged in setting up solar power plants and selling solar power. The acquisition was completed on August 12, 2025, with Zodiac Energy contributing Rs. 51,000 out of the total capital of Rs. 1,00,000. The acquisition is in line with Zodiac Energy's business objectives and has resulted in the expansion of its business. Dharmik Solar Projects LLP, incorporated on December 23, 2020, is now a subsidiary of Zodiac Energy Ltd.
Key Highlights
- Zodiac Energy Ltd acquires 51% stake in Dharmik Solar Projects LLP
- Dharmik Solar Projects LLP is engaged in setting up solar power plants and selling solar power
- The acquisition was completed on August 12, 2025, with a cash consideration of Rs. 51,000
- The acquisition aligns with Zodiac Energy's business objectives and expands its business
- Dharmik Solar Projects LLP is now a subsidiary of Zodiac Energy Ltd