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 avail renewable energy under a group captive open access arrangement for its Tarapur plant. 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 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 ending March 31, 2026.