Key Transaction Details
Ascension Mercantile Private Limited (AMPL), a step-down wholly owned subsidiary of Dalmia Bharat Limited, has incorporated a new wholly owned subsidiary named AMPL Green City Solutions Private Limited. On September 17, 2026, AMPL acquired 10,000 equity shares (representing 100% equity stake) at par value in the newly formed subsidiary.
Subsidiary Information
- Name: AMPL Green City Solutions Private Limited
- Industry: Waste Management / Recycling
- Date of Incorporation: July 13, 2026
- Business Objects: Providing Waste Based Automated Material Recovery Facility (AMRF) and all associated infrastructure, facilities and utilities
- Turnover History: Not applicable (company incorporated during FY 2026-27)
- Country of Operation: India
Transaction Structure
- Consideration Type: Cash consideration
- Share Details: 10,000 equity shares of face value ₹10 each
- Price: Acquired at par value
- Ownership: 100% stake acquired
- Timeline: Immediate completion
Regulatory and Governance Aspects
- Related Party Transaction: Does not fall within related party transactions
- Promoter/Promoter Group Interest: No interest in the proposed acquisition
- Government Approvals: Not applicable
Strategic Purpose
The acquisition aims to achieve efficient waste management through waste plants, recycling facilities, processing resource recovery facilities and utilities.
Financial Impact
The transaction involves acquisition of shares at par value. The disclosure does not quantify the total monetary value of the transaction.