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Amber Enterprises acquires 80% equity share capital of Sidwal

03 May 2019 Evaluate

Amber Enterprises has acquired 36,000 equity share of face value of Rs 1000 each comprising of 80% of the equity share capital of Sidwal. After the acquisition Sidwal has become a subsidiary of the company.

Amber Enterprises India, a part of Amber Group, is one of the largest original equipment manufacturer of white goods in India. Its product list includes Split & Window Air Conditioners for commercial and residential use, Heat Exchangers, Multi Flow Condensers and Home appliances.

Peers
Company Name CMP
Voltas 1142.85
Blue Star 1483.60
Amber Enterprises 6982.35
EPACK Durable 178.60
Bosch Home Comfort 1665.00
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