Apcotex Industries Limited has executed a Sale and Purchase of Shares Agreement on 22nd October 2026 with NRB Bearings Limited, Amplus Energy Solutions PTE Ltd, and Amplus Ampere Private Limited. This agreement is in continuation of the company's earlier intimation dated 6th May 2026 regarding Board approval for entering into various agreements to subscribe to equity shares of Amplus Ampere Private Limited.
Acquisition Details
- Target Entity: Amplus Ampere Private Limited (subsidiary of Amplus Energy Solutions PTE Limited)
- Industry: Power Sector
- Transaction Type: Not a related party transaction. Amplus Ampere Private Limited is a Special Purpose Vehicle (SPV).
- Purpose: The objective is captive consumption of solar power generated by Amplus Ampere Private Limited.
- Government Approvals: Not applicable
- Completion Timeline: Within 7 days from the date of execution of Agreement or within such extended period as may be mutually agreed between the parties
- Consideration: Subscription of 7,20,000 equity shares held by NRB Bearings Limited in cash
- Acquisition Cost: ₹72,00,000
- Stake Acquired: 1.275% equity stake in Amplus Ampere Private Limited (7,20,000 equity shares of ₹10 each)
Target Company Background
- Name: Amplus Ampere Private Limited
- Business: Power Sector (solar power generation)
- Date of Incorporation: 26th March 2021
- Last 3 Years Turnover: ₹17,24,51,000
- Geographic Presence: India
- Significant Information: Not applicable