Amber Enterprises Ltd's subsidiary forms JV with Nexxbase Marketing Pvt Ltd

IL JIN Electronics (India) Private Limited ('IL JIN'), material subsidiary of Amber Enterprises India Limited and Nexxbase Marketing Private Limited - Noise Brand ("NEXXBASE" or "Joint Venture Partner"), which is a Gurgaon based company engaged in the business of selling, distributing, marketing and advertising electronic products including smart watches, earphones, earbuds, headphones etc. under the leading brand i.e., "NOISE" through offline and online modes have incorporated a Joint Venture Company namely "Stelltek Technologies Private Limited" on 26th December, 2023, having shareholding in the ratio 50:50 respectively to carry on the business of manufacturing, assembling and designing of wearables and other smart electronics products ("Business").

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 3040.75 as compared to the previous close of Rs. 3051.55. The total number of shares traded during the day was 3263 in over 823 trades.

The stock hit an intraday high of Rs. 3065.00 and intraday low of 3035.55. The net turnover during the day was Rs. 9937819.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ILJINElectronicsIndia JV NexxbaseMarketing StelltekTechnologies NOISE