APCOTEXINDApcotex Industries Ltd.
Apcotex Industries completes ₹0.72 crore purchase of Amplus Ampere shares
- Mergers & acquisitions
- Miscellaneous
Reviewed byKeshav SehgalBlacklitt Research
Apcotex Industries (NSE: APCOTEXIND) completed the acquisition of 7,20,000 equity shares of Amplus Ampere Private Limited from NRB Bearings Limited for ₹72 lakh in cash on 31 Oct 2026, it said in a filing on 31 Oct 2026. The stake is 1.275% of the target's equity.
The acquisition in detail
Apcotex Industries has acquired 7,20,000 equity shares of INR 10 each in Amplus Ampere Private Limited, which were held by NRB Bearings Limited, for a cash consideration of ₹72 lakh. The company says the objective is captive consumption of solar power generated by Amplus Ampere Private Limited.
Amplus Ampere Private Limited is a special purpose vehicle and a subsidiary of Amplus Energy Solutions PTE Limited, operating in the power sector. It was incorporated on 26 Mar 2021 and reported turnover of ₹1,72,451 thousand in FY 25-26, with nil turnover in FY 24-25 and FY 23-24.
The acquisition follows an intimation made on 22 Oct 2026 about a Sale and Purchase of Shares Agreement with NRB Bearings Limited, Amplus Energy Solutions PTE Ltd and Amplus Ampere Private Limited.
How it fits Apcotex Industries
The ₹72 lakh price is small against the company's market value of ₹2,472 crore at the 30 Oct 2026 close. The company's latest reported quarter, Q1 FY27 standalone, showed total income of ₹528.44 crore, so the step is a minor one in size, and the filing does not link it to the company's chemicals business.
What the Amplus Ampere stake means for Apcotex Industries' shareholders
The cash outlay is ₹72 lakh for a 1.275% stake in an SPV, and the company says the purpose is captive solar power. The filing does not state the total stake held after this purchase, any further planned acquisitions, the valuation basis for the price, or the expected financial impact on the company.
At a glance
| Item | Detail |
|---|---|
| Target | Amplus Ampere Private Limited |
| Seller | NRB Bearings Limited |
| Shares acquired | 7,20,000 equity shares of INR 10 each |
| Holding acquired | 1.275% |
| Consideration | ₹72 lakh in cash |
| Completed | 31 Oct 2026 |
| Target incorporated | 26 Mar 2021 |
Filed with BSE on . Reference: Original filing (PDF)
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