Amber Enterprises in midst of acquiring EVER Electronics

Amber Enterprises India Limited on Friday informed about acquisition of Equity Share Capital of EVER Electronics Private Limited.

 Amber Enterprises is acquiring 70 per cent equity stake of EVER Electronics Private Limited by the end of October 2019 in one or more tranches. It has already acquired 27,91,978 equity share of face value Rs. 10 each comprising of 51% equity stake of total share capital of EVER.

Amber Enterprises India Limited is a prominent solution provider for Air conditioner OEM/ODM industry in India.  It has a dominant presence in RACs complete unit and deals in major RAC components with 10 manufacturing facilities across India focusing in on different product segments. The company has its expertise in components like heat exchangers, sheet metal components, injection molding components, system tubing and motors.  Amber Enterprises is strongly positioned with its backward integration to derive the core deliverable in the terms of quality, cost and delivery.

On Friday, the stock of Amber Enterprises opened at Rs. 919 per share and made an intraday high and low of Rs. 950 and Rs. 912.10, respectively on the BSE.  The stock closed at Rs. 936.30, up by 3.07 per cent.