Strides Pharma Science Limited — JV/Acquisition, 24-10-2024: Acquisition

Strides Pharma Science Limited plans to invest up to Rs. 1.61 crore in AMPIN Energy C&I One Private Limited for solar energy consumption at its Alathur facility. This investment aims to support Strides’ commitment to renewable energy while complying with regulations for captive power use. The transaction, involving a 2.48% stake in AMPIN C&I, is expected to complete by Q4 FY25 and does not involve related party transactions.