Acquisitions3 April 2026 at 01:51 pm
Amber Enterprises Acquires Remaining 50% Stake in Amber Resojet for INR 1.74 Crore
AI Summary
Amber Enterprises India Ltd has executed a Share Purchase Agreement (SPA) for the acquisition of the remaining 50% equity stake in Amber Resojet Private Limited. Upon completion of the transaction, Amber Resojet will become a wholly owned subsidiary of Amber Enterprises. The total cost of acquisition is approximately INR 1.74 Crore. The acquisition is expected to be completed within 30 to 45 days from the execution date of the SPA.
Key Highlights
- Amber Enterprises to acquire remaining 50% stake in Amber Resojet
- Amber Resojet to become a wholly owned subsidiary of Amber Enterprises
- Total cost of acquisition is approximately INR 1.74 Crore
- Acquisition expected to be completed within 30 to 45 days from the execution date of the SPA