NSEAcquisition3d ago · 2 Sept 2026, 05:43 pm
Acquisition
The India Cements Limited · INDIACEM
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The India Cements Limited has informed the Exchange about Acquisition of 26% equity share capital of Amplus TN One Energy Private Limited, a company engaged in generation and transmission of renewable energy.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
The India Cements Limited has informed the Exchange about Acquisition
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INDIACEM_02092026174259_SEsltr02092026Reg30Acquisitionsd.pdf
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SH/ 02.09.2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Dept. Exchange Plaza, 5th Floor
First Floor, New Trading Ring Plot No.C/1, G Block
Rotunda Building B a ndra-Kurla Complex
Phiroze Jeejeebhoy Towers Bandra (E)
Dalal Street, Fort MUMBAI 400 051.
MUMBAI 400 001.
Scrip Code : 530005 Scrip Code : INDIACEM
Dear Sirs,
Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (Listing Regulations) – Acquisition of 26%
equity share capital of Amplus TN One Energy Private Limited
In terms of the provisions of Regulation 30 of Listing Regulations, we write to inform you
that the Company has entered into Power Purchase Agreements and Share Subscription
and Shareholders Agreement to acquire 26% equity shares of Amplus TN One Energy
Private Limited, a company engaged in generation and transmission of renewable
energy. The acquisition is for the purposes of meeting the Company’s green energy
needs, optimising energy cost and comply with regulatory requirements for captive
power consumption under electricity laws.
Disclosure as required under the Listing Regulations is attached as per Annexure A.
The above is for your information and record.
Thanking you,
Yours faithfully,
for THE INDIA CEMENTS LIMITED
COMPANY SECRETARY
Encl.: As above
CC: Luxembourg Stock Exchange
P O Box 165
L-2011 Luxembourg
Grand Duchy of Luxembourg
EUROPE.
E: investor.indiacements@adityabirla.com
Annexure A
Sr Particulars Details
a) Name of the Target Entity, details in Amplus TN One Energy Private Limited
brief such as size, turnover etc
b) Whether the acquisition would fall within The proposed acquisition is not a related party
related party transaction(s) and whether transaction(s) and the promoter / promoter group /
the promoter / promoter group / group group companies have no interest in the proposed
companies have any interest in the acquisition.
entity being acquired? If Yes, nature of
interest and details thereof and whether
the same is done at “arm’s length”.
c) Industry to which the entity being Generation and transmission of renewable energy
acquired belongs (solar power).
d) Objects and impact of acquisition To meet the green energy needs; optimise energy
(including but not limited to, disclosure costs and comply with regulatory requirements for
of reasons for acquisition of target captive power consumption under electricity laws.
entity, if its business is outside the main
line of business of the listed entity)
e) Brief details of any governmental or -
regulatory approvals required for the
acquisition
f) Indicative time period for completion of Within 180 days from the execution of Power
the acquisition Purchase Agreements and Share Subscription and
Shareholders Agreement
g) Consideration - whether cash Cash consideration
consideration or share swap or any
other form and details of the same
h) Cost of acquisition and / or the price at Equity investment of upto Rs. 14,06,27,240/-
which the shares are acquired (Rupees Fourteen Crore Six Lakh Twenty-Seven
Thousand Two Hundred Forty Only)
i) Percentage of shareholding / control 26%
acquired and / or no. of shares acquired
j) Brief background about the entity Amplus TN One Energy Private Limited is a
acquired in terms of products / line of company having registered office at
business acquired, date of 6th Floor, Emaar MGF Palm Square, Golf Course
incorporation, history of last three years Extension Road, Sector 66, Haryana, Gurgaon
turnover, country in which acquired 122102, India and is a special purpose vehicle
entity has presence and any other (“SPV”) for setting up 41.80 MW (AC) solar power
significant information (in brief) projects integrated with Battery Energy Storage
System (BESS) on a captive basis. The projects
are being established for supply of renewable
power to four cement manufacturing units located
in the States of Andhra Pradesh and Telangana.
Date of incorporation: 6th June 2024
Turnover (last three years) (Rs. in crores): Nil
Country: India
E: investor.indiacements@adityabirla.com