Himatsingka Seide has made further investment of Rs 5.73 crore by acquiring 57,24,900 equity shares of Rs 10 each in AMP Energy C&I Twenty Four (Associate Company). This is in addition to 2,600 equity shares of Rs 10 each acquired previously and intimated on May 08, 2024. The Company currently holds 47.30% of equity capital of the Associate Company.
The Company proposes to procure energy to fulfil part of the power requirements of the Company’s plants on a sustainable basis and to contribute to reduction in Carbon footprint. The said investment would qualify under Group Captive Power Scheme.
Himatsingka Seide is an integrated global textile major that designs, develops, manufactures, distributes and retails a suite of textile products.
