AmberPR Technoplast India Pvt Ltd becomes subsidiary of Amber Enterprises India Ltd

Amber Enterprises India Limited has entered into the definitive agreements with AmberPR Technoplast India Private Limited ("AmberPR") (Formerly known as Pasio India Private Limited) and acquired balance 27% stake in the equity share capital of AmberPR, which is engage in the business of (i) cross flow fans and its plastic parts, (ii) fans and fan guard for outdoor units of room air conditioners, (iii) plastic parts for water dispenser and refrigeration applications (other than automobile industry) and (iv) plastic parts for seats of trucks, tractors and buses ("Business").

By virtue of the aforesaid acquisition of balance 27% stake in equity share capital of AmberPR, the AmberPR has become a Wholly Owned Subsidiary of Amber Enterprises India Limited with effect from 1 August 2023.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 2419.10 as compared to the previous close of Rs. 2438.75. The total number of shares traded during the day was 8564 in over 1588 trades.

The stock hit an intraday high of Rs. 2446.95 and intraday low of 2400.30. The net turnover during the day was Rs. 20690543.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 AMberPRTechnoplastIndia