Zodiac Energy Limited Acquires Majority Stakes in Solar LLPs and Increases Holdings in Strategic Entities
Zodiac Energy Limited has announced significant acquisitions and stake enhancements across multiple solar project limited liability partnerships (LLPs). The company gained majority ownership in two new LLPs, bringing them into its fold, while simultaneously boosting its controlling interest in two other existing entities. All transactions became effective on August 13, 2026.The company acquired a 98% stake in Umaputra Solar Projects LLP and Kripalu Solar Projects LLP through direct capital contribution. Following these acquisitions, both LLPs have become subsidiaries of Zodiac Energy Limited.
Umaputra Solar Projects LLP was incorporated on December 24, 2020, and is engaged in setting up solar power plants, producing electricity through solar energy, and selling the resulting solar power. Kripalu Solar Projects LLP, also established on December 23, 2020, engages in the same core business of developing and selling solar energy.
The financial details concerning these acquisitions are summarized below:
| Target Entity | Incorporation Date | Business Focus | Total Capital Contribution | Acquisition Cost |
|---|---|---|---|---|
| Umaputra Solar Projects LLP | December 24, 2020 | Setting up solar power plants and selling solar energy. | Rs. 20,000 | Rs. 19,600 |
| Kripalu Solar Projects LLP | December 23, 2020 | Setting up solar power plants and selling solar energy. | Rs. 20,000 | Rs. 19,600 |
In addition to the acquisitions, Zodiac Energy Limited significantly increased its investment in Harikrishna Solar Projects LLP and Govind Solar Projects LLP. The company boosted its stake in both entities by an additional 83%, resulting in a post-acquisition holding of 98% for Zodiac Energy Limited in each LLP.
The operational details regarding these stake enhancements are detailed as follows:
| Target Entity | Incorporation Date | Previous Holding | New Stake Achieved | Total Capital Contribution |
|---|---|---|---|---|
| Harikrishna Solar Projects LLP | November 11, 2020 | 15% | 98% (increase of 83%) | Rs. 20,000 |
| Govind Solar Projects LLP | November 11, 2020 | 15% | 98% (increase of 83%) | Rs. 20,000 |
Both Harikrishna and Govind Solar Projects LLPs are focused on the solar power industry, specifically engaging in setting up solar power plants to produce electricity through solar energy and sell it. The transaction involved a cash consideration payment of Rs. 19,600 as the company acquired the additional stake necessary to reach 98% control.
ZODIAC Stock Price Movement
Zodiac Energy Limited shares rallied in post-market trading, with the stock closing at ₹269.65 after a significant 9.99% gain today. The equity settled near its daily high of ₹269.65 following a volatile session that saw it trade within the range of ₹236 to ₹269.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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