Acquires 98% stake in 8 solar power LLPs, all become subsidiaries

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

ZODIAC · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹223.00

prior close

₹225.37

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.3% vs market

Civil Construction peers, median of 100sector+1.0%-1.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

+1.4

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.8-1.3+1.0-1.5

Next day

-0.2+2.5-2.7+1.6-1.8

+4.3+2.3+1.9+1.7+2.6

+1.8+2.8-0.9+1.9-0.0

+3.3+4.1-0.8+2.5+0.8

+2.1+2.5-0.4+1.1+1.0

-0.9+1.2-2.1-1.0+0.1

15d

-7.6-0.8-6.8-2.3-5.3

-11.4-1.7-9.7-3.0-8.5

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Zodiac Energy has acquired a 98% ownership interest in 8 solar power LLPs at Rs 19,600 each via cash, totaling about Rs 1.57 lakh. Each LLP has Rs 20,000 total capital and nil turnover for the last 3 financial years. Promoters have an interest in the deal, which is conducted at arm's length. All 8 LLPs become subsidiaries from Sept 16, 2026, expanding the company's solar energy business.

Likely market impact

Minor cash deal (about Rs 1.57 lakh total) but expands solar business footprint. Watch for future capital infusion into these subsidiaries.