Onix Renewable – Increases Stake in Onix Solar Energy to 53.75%

Expert Analysis:

• Onix Renewable acquired 10.83 lakh shares of Onix Solar Energy through open-market purchases on August 25, representing a 2.94% stake. The transaction was valued at approximately ₹30 crore.

• Following the acquisition, Onix Renewable's holding increased from 50.82% to 53.75%, taking its total holding to 1.98 crore shares and further strengthening promoter control.

• The purchase was executed across both exchanges, with 6.40 lakh shares bought on NSE at ₹276.15 and 4.43 lakh shares on BSE at ₹277.81.

• The increased stake comes as Onix Solar Energy continues to operate in the renewable-energy space, while the promoter group's willingness to deploy ~₹30 crore into the company signals continued commitment to its long-term growth and expansion.