Joint Venture30 Mar 2026, 06:21 pm
Amber Enterprises' Subsidiary, Sidwal, to Sell Entire Stake in Joint Venture Shivaliks Mercantile
AI Summary
Amber Enterprises India Ltd has announced that its material subsidiary, Sidwal Refrigeration Industries Private Limited, has entered into a Share Purchase Agreement with J P Fincap Private Limited for the sale of all the equity shares held by Sidwal in its joint venture, Shivaliks Mercantile Limited. This decision comes after Sidwal had written off its full investment in Shivaliks in the financial statements for the quarter ended 31st December 2025.
Key Highlights
- Sidwal to sell entire 49% equity stake in Shivaliks Mercantile Limited
- Shivaliks to cease being a joint venture of Sidwal post transaction
- Transaction amount: ~ Rs. 1,09,798.85
- Sidwal had already written off its full investment in Shivaliks in Q4 2025
- J P Fincap Private Limited is an independent third party, not related to the promoter, promoter group, or group companies