Announced Mon, 21 Sept, 2026 · 17:48 IST
Zodiac Energy completes 63.5% stake buy in Zenwatt Clean Energy
ZODIAC · price
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Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹232.50
prior close
₹235.80
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AI summary
Zodiac Energy has completed acquisition of 63.5% equity stake in Zenwatt Clean Energy Pvt Ltd, making it a subsidiary effective Sep 21, 2026. The deal involved buying 6,35,000 shares at Rs 18 each for Rs 1.14 crore in cash. Zenwatt works in Battery Energy Storage Systems and was incorporated in July 2023 with FY26 turnover of just Rs 5.13 lakh. The transaction is a related party deal done at arms length basis.
Likely market impact
Expands Zodiac renewable energy portfolio by adding BESS subsidiary. Deal size is small at Rs 1.14 crore and is a related party transaction involving promoters.