Solar Industries India Limited (BSE:532725) entered into share purchase agreement to acquire 25.11% stake in ZMotion Autonomous System Pvt Ltd from the promoters and existing shareholders on April 6, 2022. In related transaction Solar industries India limited entered into a shareholder's subscription agreement to acquire stake in ZMotion Autonomous on April 6, 202. Post completion Solar Industries shall own 45% of the share capital of ZMotion Autonomous.

The transaction is expected to complete by March 31, 2025.