Amber Enterprises India Ltd invests in Amber Enterprises USA Inc

Amber Enterprises India Ltd has invested 100,000 USD in Amber Enterprises USA Inc. and has been allotted 100,000 common stock at par value of USD 1 per share.

Post the allotment of shares as referred above, Amber Enterprises USA Inc. has now become Wholly Owned Subsidiary of Amber Enterprises India Limited w.e.f 13 September 2021.

Amber Enterprises USA Inc. has become wholly owned subsidiary (100%) of Amber Enterprises India Limited w.e.f 13 September 2021, which has been formed to help Amber Enterprises India Limited to increase its export from India in North American market.

It will increase the footprints of Amber Enterprises India Limited in foreign countries alongwith export turnover.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 3200 as compared to the previous close of Rs. 3122.05. The total number of shares traded during the day was 10411 in over 2842 trades.

The stock hit an intraday high of Rs. 3272 and intraday low of 3122.7. The net turnover during the day was Rs. 33361827.

Source : Equity Bulls

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