Syngene International Limited — JV/Acquisition, 24-03-2025: Acquisition

Syngene International Limited has entered into an amendment to acquire a 33.79% stake in O2 Renewable Energy II Private Limited, a company focused on power generation from a 201.2 MW Wind-Solar Hybrid plant in Karnataka. The acquisition, costing ₹65 crore, aims to enhance Syngene's renewable energy usage and maintain captive status under the relevant Power Purchase Agreement. The transaction will be completed in one or more tranches by May 31, 2025. This strategic move supports Syngene's commitment to sustainability and positions the company favorably in the renewable energy sector.