Uflex Acquires 26% Stake in Solar JV with AMPIN C&I to Set Up Haryana Power Plant
By HDFC SKY | Published at: Aug 2, 2025 01:23 PM IST
Noida, August 2, 2025 – Uflex Limited (NSE: UFLEX, BSE: 500148) has entered into a joint venture with AMPIN C&I Power Private Limited by acquiring a 26% equity stake in a newly incorporated entity, AMPIN C&I Power Twenty Private Limited, marking a strategic expansion into renewable energy.
Joint Venture Details
The new joint venture company was officially incorporated on August 1, 2025, with Uflex and AMPIN C&I subscribing to its share capital in a 74:26 ratio, respectively. This investment classifies the new entity as an associate company of Uflex Limited, as per Regulation 30 of SEBI Listing Regulations.
Shareholding Structure
| Shareholder | Stake (%) |
|---|---|
| AMPIN C&I Power Private Limited | 74% |
| Uflex Limited | 26% |
Capital Contribution Details
| Particulars | Amount |
|---|---|
| Authorised Capital | ₹15,00,000 |
| Subscribed Capital | ₹1,00,000 |
| Price per Share | ₹10 (Face Value) |
| Mode of Payment | 100% in Cash |
Project Overview: Captive Solar Power Plant in Haryana
The JV company, AMPIN C&I Power Twenty Private Limited, will develop a solar power plant in Haryana, aligning with Uflex’s long-term sustainability and energy efficiency goals. Under the captive power plant policy, Uflex must hold at least 26% in the generating entity to procure power directly for internal use – a structure the company now fulfills through this stake acquisition.
Regulatory Disclosures
- Industry: Electric power generation via solar energy
- Transaction Type: Related-party transaction (associate classification post-investment)
- Governmental Approvals: Not applicable
- Acquisition Timeline: Completed with incorporation on August 1, 2025
Uflex confirmed there were no prior revenues or turnover for the acquired entity, as it is a newly formed company with no historical financial performance.
About the Company
Uflex Limited, listed on both NSE and BSE, is India’s largest multinational flexible packaging and polymer sciences company. It provides packaging solutions to a wide array of industries including food, beverages, pharmaceuticals, and personal care. With a growing global footprint, the company continues to invest in sustainable and renewable energy ventures to reduce its carbon footprint and ensure long-term operational efficiency.
REF:https://nsearchives.nseindia.com/corporate/DineshSharma_02082025093255_SIGNEDUFLEXNSEBSEINC02AUG25.pdf
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