Amber Enterprises India Limited acquired 73% stake in Pasio India Private Limited for INR 300 million.
December 01, 2021
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Amber Enterprises India Limited (BSE:540902) acquired 73% stake in Pasio India Private Limited for INR 300 million on December 2, 2021. The maximum outgo for 73% stake in the equity share capital of Pasio India Private Limited would be INR 300 million subject to achievement of financial performance in the Financial Year 2021 -22. By virtue of the aforesaid acquisition of 73% stake in equity share capital of Pasio, the Pasio has become a subsidiary of Amber Enterprises India Limited with effect from 1 December 2021.
Amber Enterprises India Limited (BSE:540902) completed the acquisition of a 73% stake in Pasio India Private Limited on December 2, 2021.
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.
AMBER ENTERPRISES INDIA LIMITED 
