Solar Industries shares fell another 4% on Wednesday to Rs 18,480 apiece on the NSE, extending their decline to more than 17% over two sessions as investors continued to digest the defence major’s Rs 12,951 crore acquisition of South Africa’s Omnia Holdings.
The stock had plunged nearly 14% on Tuesday following the announcement of the all-cash deal to acquire 100% of Omnia’s issued shares for $1.355 billion.
