Zodiac Energy Acquires 51% Stake in Radhavallabh, Priyapritam
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Ahmedabad, May 22, 2025 — Zodiac Energy Limited (NSE: ZODIAC | BSE: 543416) has announced the acquisition of a majority 51% stake in Radhavallabh Solar Projects LLP and Priyapritam Solar Projects LLP, marking a strategic expansion of its solar energy portfolio.
Strategic Acquisition to Bolster Renewable Capacity
The company disclosed that it has been formally inducted as a partner in both LLPs, effective May 21, 2025. With a direct capital contribution of ₹51,000 in each entity—out of their total capital base of ₹1,00,000—Zodiac now holds controlling interest, effectively rendering both LLPs as subsidiaries.
Details of the Acquired Entities
| Particulars | Radhavallabh Solar Projects LLP | Priyapritam Solar Projects LLP |
|---|---|---|
| Date of Incorporation | November 13, 2020 | November 11, 2020 |
| Business Activity | Solar power generation and distribution | Solar power generation and distribution |
| Turnover (FY22–FY24) | Nil for all three years | Nil for all three years |
| Country of Operations | India | India |
| Acquisition Cost | ₹51,000 | ₹51,000 |
| Promoter Group Involvement | Yes (arm’s length transaction) | Yes (arm’s length transaction) |
| Consideration Type | Cash | Cash |
| Regulatory Approvals | Not required | Not required |
Both entities are in the business of developing solar plants and selling power generated from solar energy, aligning directly with Zodiac Energy’s core operations.
Rationale and Strategic Fit
The acquisitions are aimed at expanding Zodiac Energy’s presence in India’s growing renewable energy sector. In its filing, the company stated:
“”The object of the LLPs is in line with the object of the company. The said acquisition would result in further expansion of the business of our Company.””
Corporate Governance and Compliance
The transactions fall under related party transactions due to promoter group interest. However, the company emphasized that both deals were conducted at arm’s length and in full compliance with SEBI Listing Regulations, as detailed in the disclosures aligned with recent SEBI circulars dated July 13, 2023, November 11, 2024, and December 31, 2024.
Outlook
With these strategic additions, Zodiac Energy continues to scale its solar portfolio, furthering its mission to be a leading integrated player in India’s renewable energy space. The company’s ongoing focus on sustainability and green energy is expected to reinforce its long-term growth trajectory and appeal to ESG-conscious investors.
REF: https://nsearchives.nseindia.com/corporate/ZODIAC_21052025201027_Reg_30_Intimation_SD.pdf
