SECTOR
Zodiac Energy completes acquisition of 63.5% stake in Zenwatt
Sep-22-2026

Zodiac Energy has completed the acquisition of a majority equity stake of 63.5% in Zenwatt Clean Energy. Post this acquisition, Zenwatt Clean Energy (Zenwatt) has become a subsidiary of the company with effect from September 21, 2026. The cost of acquisition is around Rs 1.14 crore.

The acquisition would result in further expansion of the business of the company and support the company's long-term business expansion strategy, expand its renewable energy portfolio, and strengthen its operational capabilities. 

Earlier, the Board of Directors of the company at its meeting held on February 09, 2026, had approved the approved the strategic investment in and acquisition of an equity stake in Zenwatt.

Zodiac Energy is engaged in the business of installation of Solar Power Generation Plant/Items.

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