Syngene International Invests in Ampin C&I Power Twelve for Renewable Power Acquisition
Syngene International Limited has entered into a Share Subscription and Shareholders Agreement with Ampin C&I Power Twelve Private Limited (AMPIN) to facilitate the acquisition of renewable power. This strategic move aims to enhance the Company's renewable energy consumption and support its decarbonization objectives.The investment involves Syngene acquiring an equity stake in AMPIN through the aforementioned agreements, which also include a Power Purchase Agreement. This acquisition is set to allow Syngene to maintain captive status as per the Electricity Act.
To achieve its green energy procurement goals and reduce operational energy costs and carbon footprint, the Company is investing INR 2,52,00,000 into AMPIN. This investment is designated for the subscription of 25,20,000 equity shares at a price of INR 10 per equity share.
Following the investment, Syngene will hold 25,20,000 equity shares of AMPIN, representing 12.44% (on an undiluted basis) of the company’s paid-up share capital. The agreements stipulate that, even post the proposed investment by other entities in AMPIN, Syngene’s stake will maintain a minimum of 7.93% of the paid-up share capital (on a fully diluted basis).
The completion of the equity allotment is anticipated within 30 days or on another date mutually agreed upon by the parties.
Transaction and Company Details
The acquisition is focused on the Renewable Energy Generation industry. Details regarding the target entity and the terms of the transaction are summarized below:| Particulars | Details |
|---|---|
| Target Entity | Ampin C&I Power Twelve Private Limited (AMPIN) |
| AMPIN Business | Renewable energy generation |
| AMPIN Net Worth (as of 31.03.2026) | Rs. 687.70 lakhs |
| AMPIN Turnover (FY 2025-26) | NIL |
| Transaction Type | Cash consideration |
| Investment Amount | INR 2,52,00,000 |
| Shares Acquired | 25,20,000 |
| Stake Acquired (Undiluted) | 12.44% |
The transaction does not constitute a related party transaction, and neither the promoters nor the promoter group hold any interest in AMPIN.
Background of AMPIN
AMPIN is a company incorporated on April 23, 2025, and is engaged in renewable energy generation.The company’s financial history over the last three years, specifically regarding turnover, is detailed in the table below:
| Financial Year | Turnover (in INR) |
|---|---|
| 2025-26 | NIL |
| 2024-25 | - |
| 2023-24 | - |
SYNGENE Stock Price Movement
Edging slightly higher is Syngene International Limited stock as of 10:07 AM, currently trading at ₹401.1 after climbing by 0.64% in morning sessions. The equity has maintained a tight intraday range, recording a low of ₹396.25 and hitting a high of ₹401.25, with 71,683 shares traded so far.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.
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