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As on : 17-Sep-2026
Corporate News
17-Sep-2026     13:18

Valiant Laboratories invests up to Rs 70 lakh in AMPYR for Tarapur plant solar power

Valiant Laboratories Limited announced that its board approved an investment of up to Rs 70 lakh to acquire shares in AMPYR Renewable Energy Resources Twelve A Private Limited, a subsidiary of AMPYR India Asset Holdings Two Pte. Ltd., Singapore, to procure solar power for its Tarapur plant under a group captive open access arrangement. The acquisition, expected to be completed within 12 months, will result in Valiant Laboratories holding up to 1.01% of the Equity Share Capital and up to 3.60% of the Compulsorily Convertible Preference Shares of AMPYR, which was incorporated on November 1, 2023, and has a turnover of Rs 23.26 crore for the fiscal year 2025-26.

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