Apcotex Industries to subscribe ₹0.72 crore of Amplus Ampere shares

Mergers & acquisitions
Miscellaneous

Blacklitt Research22 October 20262 min read

Apcotex Industries (NSE: APCOTEXIND) has executed a Sale and Purchase of Shares Agreement to subscribe to 7,20,000 equity shares, a 1.275% stake, in Amplus Ampere Private Limited for ₹0.72 crore in cash, it said in a filing on 22 Oct 2026. The target is a power sector special purpose vehicle, and the agreement is with NRB Bearings Limited, Amplus Energy Solutions PTE Ltd and Amplus Ampere Private Limited.

Key highlights

Subscription value: ₹0.72 crore in cash
Stake acquired: 1.275%, or 7,20,000 equity shares
Completion: within 7 days of execution, unless extended by mutual agreement
Target incorporated on 26 Mar 2021

The share acquisition in numbers

Item	Detail
Target	Amplus Ampere Private Limited, a subsidiary of Amplus Energy Solutions PTE Limited
Seller	NRB Bearings Limited, which holds the shares
Value	INR 72,00,000 (₹0.72 crore), paid in cash
Stake	1.275%, or 7,20,000 equity shares of INR 10 each
Target turnover, last three years	Rs. 17,24,51,000, about ₹17.25 crore
Sector and purpose	Power sector; captive consumption of solar power generated by the target
Completion	Within 7 days of execution, or an extended period mutually agreed between the parties
Related party	Not stated as a related-party transaction
Government approvals	Stated as not applicable

Stake and consideration

Apcotex Industries will subscribe to 7,20,000 equity shares of Amplus Ampere Private Limited, which NRB Bearings Limited holds, for a total of INR 72,00,000 (₹0.72 crore) in cash. The shares are of INR 10 each and represent a 1.275% equity stake. The filing gives no valuation basis for the price.

Target and purpose

The filing describes Amplus Ampere Private Limited as a special purpose vehicle in the power sector, incorporated on 26 Mar 2021 and operating in India. It states that the objective is captive consumption of solar power generated by the target. The filing gives the target's turnover for the last three years as Rs. 17,24,51,000, about ₹17.25 crore, without a split by year.

Background and completion

The filing is a continuation of an earlier intimation dated 6 May 2026, which covered board approval for a non-binding term sheet, a binding term sheet, a power purchase agreement, a share acquisition and shareholders agreement and related documents. Completion is due within 7 days of execution, or within an extended period mutually agreed between the parties. The filing states that government or regulatory approvals are not applicable.

What the agreement means for Apcotex Industries' shareholders

The company takes a 1.275% stake in a power sector special purpose vehicle for ₹0.72 crore in cash. The filing does not say what effect the deal will have on the company's results, what valuation the price reflects, whether the stake gives control or board rights, whether completion has already taken place, or whether the seller or the other Amplus parties have any link to the company's promoters.

The next dated step in the filing is completion, due within 7 days of 22 Oct 2026 unless the parties agree an extension.

Reference: Original filing (PDF)

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