Investment23 Dec 2025, 09:31 pm
Syngene International to Invest Rs. 35 Mn in O2 Renewable Energy V Private Limited for Renewable Power
AI Summary
Syngene International Ltd. has announced its intention to invest in O2 Renewable Energy V Private Limited (O2 RE V) through the acquisition of equity stake from Dalmia Cement (Bharat) Limited. The investment is revised to Rs. 35 Mn. O2 RE V is a power generation company with a turnover of Rs. 20,29,37,390 for FY 2024-25. The investment will enhance Syngene's renewable-based power consumption and maintain captive status as per Electricity Act and Share Purchase Agreement.
Key Highlights
- Syngene International to invest Rs. 35 Mn in O2 RE V
- Investment through acquisition of equity stake from Dalmia Cement (Bharat) Limited
- O2 RE V is a power generation company with a turnover of Rs. 20,29,37,390 for FY 2024-25
- Investment aims to enhance Syngene's renewable-based power consumption
- Syngene to maintain captive status as per Electricity Act and Share Purchase Agreement