RPG Life Sciences Ltd Executes Share Subscription and Shareholders' Agreement with First Energy 11 Private Limited

RPG Life Sciences Ltd has executed Share Subscription and Shareholders' Agreement (SSSHA) and Captive Power Agreement (CPA) with First Energy 11 Private Limited. The agreements are for procuring electricity from First Energy 11 Private Limited's Wind-Solar Hybrid Power plant situated at Gujarat for the Formulation Plant of the Company at Ankleshwar, Gujarat. The Company plans to invest up to Rs.1,50,00,000 (Rupees One crore Fifty lakhs only) in one or more tranches, towards subscription of the equity shares by the Company along with other Captive Users collectively owning not less than 26% (Twenty Six percent) of the paid up equity share capital of the Captive Power Producer.