Cipla Subsidiary to Acquire 26% Stake in AMPIN

Cipla Limited, an Indian multinational pharmaceutical and biotechnology company, has said that its subsidiary, Jay Precision Pharmaceuticals Private Limited, has signed a definitive agreement to acquire a 26% stake in the AMPIN Energy C&I Eighteen Private Limited, a special purpose vehicle (SPV) holding a 150MW captive solar power project in Maharashtra.

The strategic move aligns with Cipla’s continuous endeavour to enhance the proportion of renewable energy used in its activities and adhere to Indian electricity regulations for captive power consumption.

Deal Highlights

• Stake Acquired: 26% equity on a fully diluted basis
• Target Entity: AMPIN Energy C&I Eighteen Pvt Ltd – a wholly owned subsidiary of AMPIN C&I Pvt Ltd
• Total Investment: Up to ₹1.46 crore
• Mode of Transaction: Combination of share purchase and subscription
  • Purchase of 2,600 equity shares (₹10 face value each)
  • Subscription of 14,61,400 new equity shares (₹10 face value each)
• Nature of Consideration: 100% cash
• Completion Timeline: Within one month from the date of agreement signing or as mutually agreed

Strategic Intent

This acquisition forms part of Cipla’s broader sustainability roadmap. By investing in a captive solar project, Cipla aims to:

• Lower its carbon footprint
• Ensure cleaner energy usage across its facilities
• Meet compliance under India’s Electricity Act for captive power consumption

The company confirmed that the acquisition does not qualify as a related party transaction, and none of the promoter group entities have any financial interest in the deal. The agreement has been executed at arm’s length.

This move marks another step in Cipla’s ESG commitment, positioning it among the pharma industry’s leaders in renewable energy adoption and green operations.

About AMPIN Energy C&I Eighteen Private Limited

AMPIN Energy C&I Eighteen Private Limited was incorporated on April 5, 2023, in India. It is focused on the generation and distribution of solar and other renewable energy, as well as infrastructure development related to clean power. As of March 31, 2025, the entity reported no turnover, being in its pre-operational phase.

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Source:https://www.bseindia.com/xml-data/corpfiling/AttachLive/b3c64d2d-bf94-435f-8c8a-a5af287c3b7f.pdf