NRB Bearings has announced the acquisition of an 8.50% equity stake in Amplus Ampere Private Limited for ₹4.80 crore. This strategic move aims to source solar power as a captive consumer, enhancing the company's renewable energy capacity.
The acquisition involves 4,800,000 equity shares at a face value of ₹10 each. Amplus Ampere Private Limited, a special purpose vehicle (SPV) floated by Amplus Energy Solutions PTE LTD, is focused on generating and distributing power from solar power plants in India. As of FY25, Amplus Ampere has a paid-up capital of ₹100,000 and recorded NIL turnover.
The transaction is subject to customary conditions and is expected to be completed within 1-2 weeks. This investment will enable NRB Bearings to source solar power for a capacity of up to 15 MWp, located in Maharashtra, thereby increasing the company's utilization of renewable energy.
Details of the Acquisition:
| Particular | Details |
|---|---|
| Name of Target Entity | Amplus Ampere Private Limited |
| Equity Stake Acquired | 8.50% |
| Number of Shares Acquired | 4,800,000 |
| Face Value per Share | ₹10 |
| Total Consideration | ₹4.80 Crore |
| Industry | Renewable Energy |
| Turnover of Amplus Ampere (FY25) | NIL |
| Paid-up Capital of Amplus Ampere | ₹100,000 |
| Date of Incorporation of Amplus | 26.03.2021 |
| Country of Presence | India |
The acquisition does not fall under related party transactions, and no promoter/promoter group/group companies have any interest in the entity being acquired. The purpose of this acquisition is to secure solar power as a captive consumer, supporting NRB Bearings' commitment to renewable energy.
The transaction is subject to customary conditions and is expected to be completed within 1-2 weeks.
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