Corporate News

21-Sep-2026, 06:52

Zodiac Energy Limited has completed the acquisition of a 63.5% majority equity stake in Zenwatt Clean Energy Private Limited for a total consideration of Rs 11,43,00,000, according to a regulatory filing. The acquisition, which was previously announced on February 9, 2026, will result in Zenwatt Clean Energy becoming a subsidiary of Zodiac Energy, and is intended to expand the company’s renewable energy portfolio and strengthen its operational capabilities. The purchase price was Rs 18 per equity share, and the transaction was undertaken on an arm’s length basis with interest from the promoter and members of the promoter group.