Syngene International has entered into an agreement for the purpose of acquisition of renewable power by acquiring equity stake up to 26% in Ampyr Renewable Energy Resources Eleven (AREREPL), Special Purpose Vehicle formed by Ampyr India Asset Holdings, for generation and supply of solar power.
To enhance the renewable based power consumption, Syngene International will acquire and maintain 26% stake in AREREPL throughout the term of the Power Purchase Agreement to maintain captive status as per Electricity Act, Share Purchase/ Subscription Agreement and Shareholders Agreement.
Syngene International is India’s largest Contract Research Services Organization providing integrated discovery and development services for novel molecules across multiple platforms including small molecules, large molecules, Antibody-Drug Conjugates and Oligonucleotides.
