UFLEX Limited — JV/Acquisition, 20-12-2024: Acquisition

Uflex has executed an agreement to acquire an additional 8.26% stake in Amplus Phoenix Energy Pvt Ltd for Rs. 5.43 Crores, bringing its total ownership to 17.75%. This aligns with Uflex’s strategy to enhance its renewable energy portfolio, optimizing energy costs and fulfilling regulatory requirements for captive power consumption. The transaction is expected to complete within a week and positions Uflex strategically within the solar power generation sector, which is critical for green energy initiatives in India.