Investment24 Jun 2025, 06:02 pm
CIE Automotive India Ltd Subsidiary to Acquire Stake in AMPIN Energy C&I Thirty One Private Limited
AI Summary
CIE Automotive India Ltd's wholly owned subsidiary, CIE Aluminium Casting India Limited (CIEALCAST), has agreed to subscribe up to 29% of the equity, on fully diluted basis, of AMPIN Energy Cé&I Thirty One Private Limited (AMPIN Energy Thirty One) and invest an amount up to Rs. 1,75,00,000/- towards subscription of its equity share capital. This investment will enable CIEALCAST to source green energy from a captive solar power generating plant to be set up by AMPIN Energy Thirty One.
Key Highlights
- CIE Automotive India Ltd's subsidiary to invest in AMPIN Energy C&I Thirty One Private Limited
- Investment of up to Rs. 1,75,00,000/- for 29% equity on fully diluted basis
- Acquisition aimed at optimizing power cost and increasing green energy consumption
- AMPIN Energy Thirty One to set up a captive solar power generating plant with a gross capacity of around 5 MWp (3.3 MWac)
- Expected completion within the next four months