Investment24 Jun 2025, 05:51 pm
CIE Automotive India to Invest in Amp Energy C&I Thirty Two for Solar Power
AI Summary
CIE Automotive India Ltd has agreed to subscribe up to 29% of the equity, on fully diluted basis, of AMP Energy C&I Thirty Two Private Limited. The investment of up to Rs. 2,62,50,000 will constitute about 40% of the paid-up equity share capital carrying voting rights of AMP Energy. This will enable CIE Automotive India to source green energy from a captive solar power generating plant to be set up by AMP Energy.
Key Highlights
- CIE Automotive India to invest in Amp Energy C&I Thirty Two Private Limited
- Investment of up to Rs. 2,62,50,000 for 29% equity on fully diluted basis
- Investment to constitute 40% of the paid-up equity share capital carrying voting rights of AMP Energy
- CIE Automotive India to source green energy from captive solar power generating plant
- AMP Energy to set up a 7.5MWp (5 MWac) captive generating plant