Biocon acquires equity stake in AMPIN to support renewable energy objectives
Biocon Ltd has acquired an equity stake in Ampin C&I Power Twelve Private Limited (AMPIN), a Special Purpose Vehicle dedicated to the generation and supply of solar power. The acquisition is designed to enhance Biocon’s renewable-based power consumption, supporting its decarbonization goals and aiding in the procurement of green energy.The company made an investment of Rs. 5,47,60,000 towards the subscription of 54,76,000 equity shares of AMPIN. The consideration for this acquisition was cash-based, with the shares having a face value of Rs. 10 each at par.
The acquisition allows Biocon to maintain captive status as per the Electricity Act. This move aligns with the company's renewable energy objectives and is expected to help reduce its operational energy costs and carbon footprint.
Transaction Details and Strategic Overview
Details surrounding Ampin C&I Power Twelve Private Limited (AMPIN) and the investment are outlined below:| Metric | Detail |
|---|---|
| Acquired Entity | Ampin C&I Power Twelve Private Limited (AMPIN) |
| Industry | Renewable Energy Generation |
| Investment Amount | Rs. 5,47,60,000 |
| Shares Acquired | 54,76,000 equity shares |
| Current Shareholding (Undiluted) | 37.77% of paid-up share capital |
| Future Shareholding (Diluted) | Expected to reduce to 15.91% post other entities' investment |
As part of this strategic move, Biocon Limited will maintain an equity stake in AMPIN throughout the terms of the Power Purchase Agreement and Share Purchase, Subscription and Shareholders Agreement ("Agreements"). The transaction is not considered a related party transaction, and neither the promoter nor the promoter group has any interest in AMPIN.
AMPIN is actively setting up a Solar Power Plant with a capacity of 27.12 MW(DC) in Karnataka. As indicated by its financial standing as a newly incorporated company, Ampin's Net worth as on March 31, 2026, was Rs. 120.78 million, while the Standalone Turnover for FY 2025-26 and Profit After Tax for the same period were reported as NIL and Rs. (1.28) million, respectively.
BIOCON Stock Price Movement
Today, Biocon Limited shares shed value, slipping by 0.34% to close at ₹414.60. The stock saw a traded volume of 3.00 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.