MoneyWorks4Me

Amber Enterprises to acquire 70% stake in Ever Electronics

12 Mar 2018 Evaluate

Amber Enterprises (India) has received its board approval for acquiring 70% equity share capital of Ever Electronics in one or more tranches. The board of directors at its meeting held on March 9, 2018 has approved for the same. Ever Electronics is engaged in the business of assembly of Electronics PCB.

Amber Enterprises (India), an original equipment manufacturer, manufactures air conditioners and its components for consumer durables. The company offers window and split air conditioners; and electrical motors, sheet metal components, injection molding solutions, plastic extrusions and vacuum forming products, and heat exchangers for various applications, including refrigerators, washing machines, coolers, auto mobiles, etc.


Peers
Company Name CMP
Voltas 1144.30
Blue Star 1486.80
Amber Enterprises 6988.55
EPACK Durable 177.85
Bosch Home Comfort 1662.50
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