Syngene International Limited has entered into a Share Subscription and Shareholders Agreement to acquire a 12.44% equity stake in Ampin C&I Power Twelve Private Limited. This strategic investment, valued at INR 2.52 crore, aims to secure renewable energy for the company’s operations, supporting its sustainability objectives and potentially reducing energy costs and carbon footprint. The acquisition is a step towards enhancing Syngene’s renewable power consumption.
Syngene Invests in Renewable Energy Infrastructure
Syngene International Limited announced today its strategic decision to acquire a significant stake in Ampin C&I Power Twelve Private Limited (AMPIN), a company engaged in the business of renewable energy generation. This move is part of Syngene’s broader strategy to enhance its consumption of renewable power and advance its decarbonization goals.
Investment Details and Rationale
The company will invest INR 2,52,00,000 (Indian Rupees Two Crore Fifty-Two Lakhs only) for the subscription of 25,20,000 equity shares of AMPIN, at a price of INR 10 per equity share. This initial investment will result in Syngene holding 12.44% of AMPIN’s paid-up share capital on an undiluted basis. Post-investment by other entities, Syngene’s stake is expected to be a minimum of 7.93% on a fully diluted basis, as per the terms of the agreements.
The primary rationale behind this acquisition is to secure renewable energy for Syngene’s operations through a Power Purchase Agreement with AMPIN. This aligns with Syngene’s commitment to sustainability, aiming to reduce its energy cost and carbon footprint by procuring green energy. The transaction does not fall within related party transactions, and none of Syngene’s promoters or group companies have an interest in AMPIN.
Target Entity Profile
Ampin C&I Power Twelve Private Limited was incorporated on 23rd April 2025. As of 31st March 2026, AMPIN reported a net worth of INR 687.70 lakhs. For the Financial Year 2025-26, its standalone turnover was NIL, with a Profit After Tax of INR 0.31 lakhs. The company operates within the Renewable Energy Generation industry.
Transaction Timeline and Approvals
The allotment of equity shares is expected to take place within 30 days or another mutually agreed date between the parties. No governmental or regulatory approvals are required for this acquisition.
Source: BSE
