Amber Group signed the Manufacturing Collaboration agreement with Oppo Mobiles India Private Limited

Amber Group enters into a manufacturing collaboration with Oppo Mobiles India Private Limited (Oppo India). OPPO India is a licensed manufacturer of Mobile Phones for brands of OPPO, OnePlus and Realme (the Brands) in India.

Under this collaboration, Amber Group will manufacture Mobile Phones for the Brands, combining the Brands' global product expertise with the Indian partner's manufacturing scale, operational capabilities, capability to enhance local value addition and local supplychain strengths.

This partnership reflects OPPO India's recognition of Amber Group's capabilities to deliver quality, scale, and consistency. For Amber group, the collaboration represents an important milestone in its efforts to expand its role in manufacturing and strengthen its long-term growth platform.

Speaking on the announcement, Mr. Jasbir Singh, Executive Chairman & CEO, Amber Enterprises India Limited said: "We are excited for this manufacturing collaboration with OPPO India. This collaboration underscores our manufacturing capabilities and our ability to support globally recognized brands with quality, reliability, value addition and scale."

The collaboration is expected to create opportunities for operational synergies and reinforce Amber's position as a preferred entity for B2B manufacturing. Both companies will work closely to ensure a gradual smooth ramp-up and to explore additional opportunities for future collaboration.

Ernst & Young (EY) acted as the exclusive financial advisor. AZB & Partners and Aekom Legal acted as legal advisors.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 7955.05 as compared to the previous close of Rs. 7865.20. The total number of shares traded during the day was 20562 in over 3213 trades.

The stock hit an intraday high of Rs. 8069.75 and intraday low of 7863.95. The net turnover during the day was Rs. 164427364.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ConsumerElectronics AmberGroup ManufacturingCollaboration OppoMobilesIndia