Biocon to Buy 37.8% Stake in Renewable Energy Firm Ampin C&I Power Twelve

MT Newswires Live06-11

Indian pharmaceutical company Biocon (NSE:BIOCON, BOM:532523) has agreed to acquire a 37.8% stake in renewable energy company Ampin C&I Power Twelve for 54.8 million Indian rupees, according to a Wednesday filing to the Indian stock exchanges.

Biocon will subscribe to around 5.5 million equity shares of AMPIN at a face value of 10 rupees each, with allotment expected in due course.

Following subsequent capital infusions by other entities into the project, Biocon's shareholding will be diluted to 15.9%.

AMPIN is a special-purpose vehicle established to generate renewable energy. It is currently setting up a 27.12 MW (DC) solar power plant in Karnataka, India.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2642408446?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-11 10:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2642408446","market":"sh","top_or_hot":-1,"title":"Biocon to Buy 37.8% Stake in Renewable Energy Firm Ampin C&I Power Twelve","media":"MT Newswires Live","content":"<html><body><p> Indian pharmaceutical company Biocon (NSE:BIOCON, BOM:532523) has agreed to acquire a 37.8% stake in renewable energy company Ampin C&amp;I Power Twelve for 54.8 million Indian rupees, according to a Wednesday filing to the Indian stock exchanges.</p><p>Biocon will subscribe to around 5.5 million equity shares of AMPIN at a face value of 10 rupees each, with allotment expected in due course.</p><p>Following subsequent capital infusions by other entities into the project, Biocon's shareholding will be diluted to 15.9%.</p><p>AMPIN is a special-purpose vehicle established to generate renewable energy. It is currently setting up a 27.12 MW (DC) solar power plant in Karnataka, India.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biocon to Buy 37.8% Stake in Renewable Energy Firm Ampin C&I Power Twelve</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiocon to Buy 37.8% Stake in Renewable Energy Firm Ampin C&I Power Twelve\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-11 10:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Indian pharmaceutical company Biocon (NSE:BIOCON, BOM:532523) has agreed to acquire a 37.8% stake in renewable energy company Ampin C&amp;I Power Twelve for 54.8 million Indian rupees, according to a Wednesday filing to the Indian stock exchanges.</p><p>Biocon will subscribe to around 5.5 million equity shares of AMPIN at a face value of 10 rupees each, with allotment expected in due course.</p><p>Following subsequent capital infusions by other entities into the project, Biocon's shareholding will be diluted to 15.9%.</p><p>AMPIN is a special-purpose vehicle established to generate renewable energy. It is currently setting up a 27.12 MW (DC) solar power plant in Karnataka, India.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6522","symbol_name":"化石燃料股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2642408446","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642408446","pubTimestamp":1781146414,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Indian pharmaceutical company Biocon  has agreed to acquire a 37.8% stake in renewable energy company Ampin C&I Power Twelve for 54.8 million Indian rupees, according to a Wednesday filing to the Indian stock exchanges.Biocon will subscribe to around 5.5 million equity shares of AMPIN at a face value of 10 rupees each, with allotment expected in due course.Following subsequent capital infusions by other entities into the project, Biocon's shareholding will be diluted to 15.9%.AMPIN is a special-purpose vehicle established to generate renewable energy. It is currently setting up a 27.12 MW  solar power plant in Karnataka, India.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6522":"化石燃料股","BK6088":"石油天然气设备与服务","DC":"Dakota Gold Corp","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","BK4017":"黄金","PW":"Power REIT"},"translate_title":"Biocon将收购可再生能源公司Ampin C&I Power Twelve 37.8%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5AL.SI":1.5,"PW":1.5,"DC":1},"content_text":"Indian pharmaceutical company Biocon (NSE:BIOCON, BOM:532523) has agreed to acquire a 37.8% stake in renewable energy company Ampin C&I Power Twelve for 54.8 million Indian rupees, according to a Wednesday filing to the Indian stock exchanges.Biocon will subscribe to around 5.5 million equity shares of AMPIN at a face value of 10 rupees each, with allotment expected in due course.Following subsequent capital infusions by other entities into the project, Biocon's shareholding will be diluted to 15.9%.AMPIN is a special-purpose vehicle established to generate renewable energy. It is currently setting up a 27.12 MW (DC) solar power plant in Karnataka, India.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642408446","isCrawlerRequest":true}