Investment2 Dec 2025, 07:04 pm
CIE Automotive India Acquires 39.94% Stake in AMP Energy C&l Thirty Two for INR 1,31,25,000
AI Summary
CIE Automotive India Ltd has invested and subscribed to 39.94% of the equity, on fully diluted basis, of AMP Energy C&l Thirty Two Private Limited for a total consideration of INR 1,31,25,000. The investment is aimed at setting up a captive generating plant of 7.5 MWp (5 MWac) and supplying captive solar power. The acquisition is not a related party transaction and does not involve any promoter/promoter group/group companies' interest. The completion of the acquisition is expected within the next four months.
Key Highlights
- CIE Automotive India has invested INR 1,31,25,000 in AMP Energy C&l Thirty Two Private Limited
- The investment accounts for 39.94% of AMP Energy's equity on a fully diluted basis
- The acquisition aims to set up a captive generating plant of 7.5 MWp (5 MWac) for captive solar power supply
- The transaction is not a related party transaction
- The acquisition is expected to be completed within the next four months