Latteys Industries Acquires 12.57% Stake in Amigo Green Energies for ₹23 Lakhs
Latteys Industries will acquire a 12.57% stake in Amigo Green Energies for ₹23 Lakhs via preferential allotment. This strategic investment aims for business expansion and long-term growth. Amigo Green Energies reported ₹11.31 Crore income and ₹0.08 Crore profit in FY25. The acquisition is expected within two months.
The acquisition is a strategic move for expansion, but the investment amount and the target company's current financials suggest a medium-term impact rather than an immediate significant financial boost.
The acquisition of a stake in another company for strategic expansion and growth is a positive development for Latteys Industries.
Latteys Industries Limited announced today, February 18, 2026, that its Board of Directors has approved the acquisition of a 12.57% equity stake in Amigo Green Energies Private Limited through a preferential allotment. The acquisition is a strategic investment aimed at business expansion and long-term growth.
Amigo Green Energies Private Limited, incorporated in February 2024, is engaged in the business of solar installation and related works. For the financial year 2024-25, Amigo Green Energies reported a total income of INR 1131.16 Lakhs (₹11.31 Crore) and a net profit of INR 7.55 Lakhs (₹0.08 Crore). The cost of acquisition for Latteys Industries is ₹23,00,480 (₹23 Lakhs).
The board meeting, which commenced at 10:00 AM and concluded at 10:30 AM, also confirmed that no governmental or regulatory approvals are required for this acquisition. The transaction is expected to be completed within two months, subject to the completion of necessary formalities. The acquisition does not involve any related parties, and the promoter/promoter group/group companies of Latteys Industries have no interest in Amigo Green Energies.
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Latteys Industries Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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