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Amber Enterprises acquires 51% stake in Ever Electronics

18 Oct 2019 Evaluate

Amber Enterprises India has acquired 27,91,978 equity share of face value of Rs 10 each comprising of 51% equity stake of total Share Capital of Ever Electronics (Ever). By virtue of the aforesaid acquisition of equity shares of Ever, the company now holds 70% equity stake in the share capital of Ever. 

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 1153.00
Blue Star 1497.70
Amber Enterprises 7026.00
EPACK Durable 179.65
Bosch Home Comfort 1682.65
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