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Solar Industries to buy South Africa's Omnia for $1.35 billion after 3,400% stock rally

Solar Industries India will acquire Johannesburg-based Omnia Holdings for $1.355 billion in cash, a record overseas bet that builds on a decade when its stock turned Rs 1 lakh into nearly Rs 35 lakh.

Why it matters

Combined group gets BME blasting tech, 23-country reach and a new agriculture nutrition business, with multi-fold mining revenue growth expected from FY2028.