Acquisitions26 Aug 2025, 04:41 pm
NRB Bearings Ltd Acquires 8.50% Stake in Amplus Ampere Pvt Ltd for Renewable Energy Purposes
AI Summary
NRB Bearings Ltd has acquired 8.50% equity share capital of Amplus Ampere Private Limited for a consideration of Rs. 4,80,00,000/-. The acquisition is aimed at sourcing solar power as a captive consumer for a capacity up to 15 MWp located in the State of Maharashtra. The transaction is subject to customary conditions precedents and expected to be completed within 1-2 weeks.
Key Highlights
- NRB Bearings Ltd acquires 8.50% stake in Amplus Ampere Private Limited
- Acquisition aims to source solar power for a capacity up to 15 MWp
- Transaction worth Rs. 4,80,00,000/-
- Subject to customary conditions precedents
- Expected to be completed within 1-2 weeks