Acquisitions3 April 2026 at 02:01 pm
Amber Enterprises India Ltd to Acquire Remaining 50% Stake in Amber Resojet for INR 1.74 Crore
AI Summary
Amber Enterprises India Ltd has executed a Share Purchase Agreement to acquire the remaining 50% equity stake in Amber Resojet Private Limited from LCGC Resolute Appliances LLP. Upon completion of the transaction, Amber Resojet will become a wholly owned subsidiary of Amber Enterprises. The acquisition is expected to be completed within 30 to 45 days from the execution date of the SPA and is valued at approximately INR 1.74 Crore. Amber Resojet is engaged in the business of manufacturing, assembling, owning, designing, developing, and engineering fully automatic top loading and front-loading washing machines.
Key Highlights
- Amber Enterprises India Ltd to acquire the remaining 50% equity stake in Amber Resojet Private Limited
- Transaction valued at approximately INR 1.74 Crore
- Amber Resojet to become a wholly owned subsidiary of Amber Enterprises
- Acquisition expected to be completed within 30 to 45 days from the execution date of the SPA
- Amber Resojet engaged in the business of manufacturing, assembling, owning, designing, developing, and engineering fully automatic top loading and front-loading washing machines