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Valiant Laboratories invests up to Rs 70 lakh in AMPYR for Tarapur plant solar power
17-Sep-2026, 01:18

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.