Jubilant Ingrevia has entered into Share Purchase, Subscription and Shareholder's Agreement with AMP Energy C&I and AMP Energy Green Fifteen for acquisition of 26.60% stake of AMP Energy Green Fifteen for putting up the solar power plant with capacity of 15.5 MW under Captive Scheme. The aggregate consideration for acquisition of shares and CCDs shall be approximately Rs 5.12 crore.
AMP Energy Green Fifteen, which was incorporated on September 4, 2020 in India and is a step down subsidiary of AMP Energy India (AMP Energy). AMP is incorporated for the purpose of setting up a solar power project in Maharashtra, in terms of the regulatory requirement for captive power consumption under electricity laws. AMP Energy is engaged in the business of developing, owning and operating renewable energy infrastructure for supplying electrical power generated using solar energy and other sources of renewable energy to commercial, industrial and utility customers.
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers with its customised products and solutions that are innovative, cost-effective and conforming to excellent quality standards.
