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Syngene International inks pact to acquire 26% stake in O2 Renewable Energy II

27 Aug 2022 Evaluate

Syngene International has entered into an agreement for the purpose of acquisition of renewable power by acquiring equity stake up to 26% in O2 Renewable Energy II (O2), Special Purpose Vehicle formed by O2 Energy SG, for generation and supply of renewable power. The objects and effects of acquisition is to enhance the renewable based power consumption, Syngene International Limited will acquire and maintain upto 26% stake in O2 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.

Syngene Internation. Share Price

438.05 2.35 (0.54%)
20-Apr-2026 14:33 View Price Chart
Peers
Company Name CMP
Syngene Internation. 438.05
Indegene 484.95
CMS Info Systems 317.95
JITF Infralogistics 331.25
Sagility 42.28
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