# Omnia Takes Control of Comrade Appliances

> Omnia acquires Comrade Appliances for $674,000 in a share deal and stake sale.
- Title: Omnia Takes Control of Comrade Appliances · Dealroom
- Summary: Omnia acquires Comrade Appliances for $674,000 in a share deal and stake sale. Omnia gains control of Comrade Appliances through a $674,000 share issue and…
- Keywords: omnia, comrade appliances, share issue, stake sale, sebi regulations, india, startups, business, Takes, Control, Comrade, Appliances
- Source: Dealroom — https://dealroom.co/news/162272-omnia-to-take-control-of-comrade-appliances-in-674-000-deal
- Published: 2026-10-14T04:41:47+00:00
- Read time: 1 min
- Topics: omnia, comrade appliances, share issue, stake sale, sebi regulations, india, startups, business
## Control Transfer
Comrade Appliances will issue new shares to Omnia and sell a 24.30% stake to Omnia for $674,000.
## Mandatory Open Offer
Omnia's share allotment and stake sale trigger a mandatory SEBI open offer for joint control.
## New Management
Omnia becomes the lead shareholder and manager after the open offer completes.
## Key takeaway

Omnia gains control of Comrade Appliances through a $674,000 share issue and 24.30% stake sale.