Cyril Amarchand Mangaldas has acted as the Indian counsel, while DLA Piper acted as the international counsel to Solar Group on its proposed INR 12,951 crore acquisition of Omnia Holdings through Solar SA Investments Proprietary Limited, an indirect wholly owned subsidiary of Solar Industries India Limited. Webber Wentzel advised Omnia Holdings on the proposed transaction.
The transaction, announced on September 14, 2026, involves Solar SA Investments and Solar Overseas Mauritius Limited, a wholly owned subsidiary of Solar Industries making an offer to acquire all of Omnia’s issued ordinary shares, other than treasury shares, through a scheme of arrangement. The proposed acquisition remains subject to the fulfilment or waiver of specified conditions, including regulatory approvals.
Following completion, Omnia is expected to be delisted from the Johannesburg Stock Exchange and A2X Markets.
The transaction is aimed at expanding Solar Industries’ international footprint and strengthening its commercial explosives and blasting solutions business, with Omnia’s mining business forming a key component of the acquisition.
Omnia operates across the mining, agriculture and chemicals sectors, with operations in multiple countries. Its mining business, BME, is expected to complement Solar Industries’ commercial explosives and blasting solutions operations.
The CAM team advising Solar Group comprised senior partner Santosh Janakiram and partner Sonakshi Arora, with support from associate Yashi Gulecha.
Partner Dhruv Rajain, with support from associate Tanay Karia, advised on the antitrust assessment for the transaction from an Indian law perspective.
