What happened
On 14 Sep 2026, Solar SA Investments will buy 100% of Omnia Holdings for $1.355 billion (Rs 12,951 crore) at ZAR 134.5 per share, all-cash, pending approvals.
Solar Industries India, the Nagpur-based defence and industrial explosives leader, has announced its largest overseas expansion — an all-cash deal to acquire South Africa's Omnia Holdings for about $1.355 billion (Rs 12,951 crore). The transaction will be executed through its wholly-owned step-down subsidiary Solar SA Investments Proprietary Limited at ZAR 134.5 per share and was announced on 14 September 2026, subject to regulatory and shareholder approvals.
The deal headlines coincide with a staggering market run. According to BSE data cited by Mint, Solar Industries shares have surged 3,381% in the last 10 years, turning a Rs 1 lakh investment a decade ago into nearly Rs 35 lakh today. As of 12 September 2026, the stock traded around Rs 22,290-22,307 with a market cap of about Rs 2.01 lakh crore, up nearly 55% in the past year alone.
Omnia, headquartered in Johannesburg and founded in 1953, operates across mining explosives and agriculture. It has a physical presence in 23 countries, serves customers in 40+ countries through 70+ distribution centres and employs over 3,500 people. For FY26 ended 31 March 2026, it reported revenue of $1.41 billion and remained net cash positive. The business includes the BME mining unit for electronic detonation systems and bulk explosives, plus Nutriology and Agribio platforms that give Solar a new entry into crop nutrition and biological solutions.
Completion is expected in early to mid-2027, after which Omnia will be delisted from the Johannesburg Stock Exchange and A2X Markets. Solar Group MD and CEO Manish Nuwal said the deal is a milestone towards becoming a global leader in explosives and blasting solutions, with benefits to become increasingly visible from FY2028. The announcement also follows a strong Q1 FY27 for Solar — net profit up 93% year-on-year to Rs 653 crore on revenue of Rs 3,670 crore.
Timeline: How the deal unfolds
Key dates for the Solar-Omnia transaction and Solar's Africa journey.
- 2010 — Solar enters SADC via Zambia facility
- 2015 — South African operations begin; 2017 Middelburg plant commissioned
- 2024 — Acquires South African mining-explosives firm ProBlast
- 14 Sep 2026 — Solar announces $1.355B all-cash deal for Omnia at ZAR 134.5/share
- Early-mid 2027 — Expected completion and JSE/A2X delisting; benefits from FY2028
What is confirmed
The transaction structure, price and approvals required are confirmed via exchange filings and company statements; closing is conditional.
- All-cash $1.355B for 100% of Omnia (ex-treasury) confirmed in filing
- Omnia FY26 revenue $1.41B and 23-country footprint disclosed
- Share-price history: 3,381% ten-year surge per BSE/Mint data
Key numbers to know
Snapshot of scale for both companies.
- Solar market cap ~Rs 2.01 lakh crore; share ~Rs 22,307 (11 Sep close)
- Solar Q1 FY27: profit Rs 653 cr (+93%), revenue Rs 3,670 cr (+71%)
- Omnia: 3,500+ employees, 70+ distribution centres, 40+ customer countries
Why it matters for me
Combined group gets BME blasting tech, 23-country reach and a new agriculture nutrition business, with multi-fold mining revenue growth expected from FY2028.
Money
Investors
Long-term shareholders have seen a 3,381% ten-year run; new investors track execution risk and valuation after a 55% one-year rally.
Work
Business Executives
Combined explosives and blasting portfolio with BME technology and 23-country footprint opens mining markets across Africa, Australia and Americas.
Daily Life
General Public
Deal shows how Indian defence-industrial firms are scaling globally; benefits for jobs and supply chains visible from FY2028 if approvals come through.
What to remember
A Rs 1 lakh bet 10 years ago is now Rs 35 lakh — and its maker is now betting Rs 12,951 crore on Africa.
3,400% in 10 years: defence multibagger Solar Industries bets $1.35B on South Africa's Omnia.
Verified sources (5)
3,400% stock returns in 10 yrs; from ₹1 lakh to ₹35 lakh - Defence company announces business expansion in South Africa
↗Solar Industries to acquire South Africa’s Omnia for Rs 12,951 crore in biggest global expansion push
↗Solar Industries to Acquire South Africa’s Omnia in $1.36 Billion All-Cash Deal to Boost Global Explosives Business
↗Solar Industries to acquire South African firm Omnia Holdings for Rs 12,951 crore
↗India's Solar Industries to buy South Africa's Omnia for $1.36 billion
↗Claims and linked sources
6 claimsSolar Industries India announced on 14 September 2026 that its wholly-owned step-down subsidiary Solar SA Investments Proprietary Limited will acquire 100% of issued shares of Omnia Holdings Limited (excluding treasury shares) in an all-cash deal worth approximately $1.355 billion / Rs 12,951 crore at ZAR 134.5 per share.
Per BSE data cited by LiveMint, Solar Industries India shares have surged 3,381% over the last 10 years, meaning a Rs 1 lakh investment 10 years ago is now worth nearly Rs 35 lakh.
Omnia Holdings is headquartered in Johannesburg, founded in 1953, has presence in 23 countries, serves customers in 40+ countries through 70+ distribution centres and employs more than 3,500 people.
Omnia reported FY26 (ended 31 March 2026) revenue of approximately $1.41 billion / Rs 13,307 crore and remained net cash positive.
The transaction is expected to complete in early to mid-2027 subject to regulatory, competition and Omnia shareholder approvals; Omnia will be delisted from JSE and A2X Markets upon completion.
Solar Group MD & CEO Manish Nuwal said the deal marks an important milestone to become a global leader in explosives and blasting solutions and provides a meaningful entry into integrated crop nutrition and biological solutions.