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Uflex to acquire 9.49% stake in Amplus Phoenix Energy

23 Jan 2024 Evaluate

Uflex has entered into Power Purchase agreement and Share Subscription and Shareholders’ agreement for acquisition of 9.49% equity shares aggregating to Rs 6.24 crore in Amplus Phoenix Energy (Amplus Phoenix). This investment is intended for the purpose of sourcing of green/renewable power on long term basis under group captive power policy and to reduce green-house gas emissions.

Uflex is India's largest multinational flexible packaging materials and Solution Company and an leading global player on polymer sciences.

Peers
Company Name CMP
Uflex 644.20
EPL 236.80
AGI Greenpac 790.75
Huhtamaki India 230.90
TCPL Packaging 4030.00
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