StockWatch
·
Rubber
Acquisitions31 Oct 2026, 01:31 pm

Apcotex Acquires 1.275% Stake in Amplus Ampere for ₹72 Lakhs

AI Summary

Apcotex Industries Ltd has completed the acquisition of 7,20,000 equity shares, representing a 1.275% stake, in Amplus Ampere Private Limited from NRB Bearings Limited for a total consideration of ₹72,00,000 (₹72 Lakhs). This acquisition is a continuation of a prior agreement and aims for the captive consumption of solar power generated by Amplus Ampere Private Limited. Amplus Ampere Private Limited is a Special Purpose Vehicle (SPV) and a subsidiary of Amplus Energy Solutions PTE Limited, operating in the Power Sector. The acquisition was completed on October 31, 2026, and involved a cash consideration.

Key Highlights

  • Apcotex acquired 1.275% stake in Amplus Ampere Private Limited.
  • The total acquisition cost was ₹72 Lakhs.
  • The objective is captive consumption of solar power.
  • The acquisition was completed on October 31, 2026.
  • Amplus Ampere is a subsidiary of Amplus Energy Solutions PTE Limited.