Amber Enterprises India Limited completed the acquisition of 50% stake in Resojet Private Limited from Lcgc Resolute Appliances Llp.
May 03, 2024
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Amber Enterprises India Limited (NSEI:AMBER) executed a definitive agreement to acquire 50% stake in Resojet Private Limited from Lcgc Resolute Appliances Llp for INR 350 million on March 21, 2024. Upon completion, Resojet will operate as a 50:50 joint venture company between Amber Enterprises and Lcgc Resolute. The acquisition is not subject to governmental or regulatory approvals. The transaction is estimated to be completed on or before May 31, 2024.
Amber Enterprises India Limited (NSEI:AMBER) completed the acquisition of 50% stake in Resojet Private Limited from Lcgc Resolute Appliances Llp on May 4, 2024.
Amber Enterprises India Limited is engaged in manufacturing of consumer durable products. The Company is a solution provider for air conditioner original equipment manufacturer (OEM) /original design manufacturer (ODM) industry in India. It designs and manufactures complete refrigeration and air conditioning (RACS) including window air conditioners (WACS) and indoor units (IDUS) and outdoor units (ODUS) of split air conditioners (SACs) with specifications ranging from 0.75 ton to two tons, across energy ratings and types of refrigerants. It also manufactures functional components of RACS that include heat exchangers, motors and multi-flow condensers with other components, such as sheet metal components, copper tubing and including plastic extrusion, vacuum forming and injection molding processes. The Company also manufactures components, other durables, and automobiles, such as case liners for refrigerator, plastic extrusion sheets, and sheet metal components for microwave.