Biocon Invests ₹5.48 Crore in Ampin Solar Power SPV to Boost Green Energy Use
Biocon Limited has invested ₹5,47,60,000 in Ampin C&I Power Twelve Private Limited, a solar power SPV, acquiring 54,76,000 equity shares at ₹10 each, representing a 37.77% undiluted stake expected to reduce to 15.91% on full dilution. AMPIN is setting up a 27.12 MW (DC) solar plant in Karnataka, supporting Biocon's decarbonization goals and captive power requirements under the Electricity Act.
*this image is generated using AI for illustrative purposes only.
Biocon Limited has acquired an equity stake in Ampin C&I Power Twelve Private Limited (AMPIN) to enhance renewable energy consumption and reduce operational costs. The company invested ₹5,47,60,000 towards the subscription of 54,76,000 equity shares at a face value of ₹10 each. This strategic move supports Biocon's decarbonization goals and ensures a captive power status as per the Electricity Act.
The acquisition was disclosed to the stock exchanges on June 10, 2026, under Regulation 30 of the SEBI Listing Regulations. AMPIN, incorporated on April 23, 2025, is a Special Purpose Vehicle formed for the generation and supply of solar power. The entity reported a net worth of ₹120.78 million as on March 31, 2026, with a standalone turnover of nil and a loss after tax of ₹1.28 million for FY 2025-26.
Investment Details
The transaction was executed via cash consideration. Following the investment, Biocon holds 59,76,000 equity shares, representing 37.77% of AMPIN's paid-up share capital on an undiluted basis. However, this percentage is expected to reduce to 15.91% on a fully diluted basis after proposed investments by other entities in AMPIN. The key parameters of the investment are outlined below:
| Particulars: | Details |
|---|---|
| Investment Amount: | ₹5,47,60,000 |
| Shares Acquired: | 54,76,000 equity shares |
| Face Value: | ₹10 each |
| Current Stake: | 37.77% (undiluted) |
| Post-dilution Stake: | 15.91% (fully diluted) |
Operational Objectives
AMPIN is engaged in the business of renewable energy generation and is setting up a Solar Power Plant with a capacity of 27.12 MW (DC) in Karnataka. The acquisition is not a related party transaction, and Biocon's promoters have no interest in the target entity. The agreements between Biocon and AMPIN include a Power Purchase Agreement and a Share Purchase, Subscription, and Shareholders Agreement to maintain the captive status required for regulatory compliance.
Historical Stock Returns for Biocon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | -0.02% | +6.53% | +8.96% | +17.35% | +0.23% |
How will the dilution of Biocon's stake to 15.91% impact its ability to maintain captive power status under the Electricity Act?
What is the projected timeline for the commissioning of the 27.12 MW solar power plant in Karnataka?
How significant will the operational cost savings be relative to Biocon's total energy expenditure?
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
