Syngene International has entered into a share subscription and shareholders agreement / power purchase agreement with Ampin C&I Power Twelve (AMPIN) for the purpose of acquisition of renewable power. The company will invest Rs 2.52 crore towards subscription of 25,20,000 equity shares of AMPIN at Rs 10 per equity share. The allotment of the equity shares to the company is expected to take place in one or more tranches within 30 days or such other date mutually agreed between the parties.
The acquisition is aimed at maintaining captive status as per Electricity Act. This acquisition aligns with the company’s renewable energy objectives, supporting the procurement of green energy and advancing its decarbonization goals and will help the company in reducing its energy cost and carbon footprint.
Syngene International is a contract research, development, and manufacturing services company that offers a broad range of scientific services from the earliest stages of discovery to commercial supplies.
| Company Name | CMP |
|---|---|
| Indegene | 578.65 |
| Syngene Internatl. | 403.40 |
| JITF Infralogistics | 319.00 |
| CMS Info Systems | 242.55 |
| Sagility | 46.40 |
| View more.. | |
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