Amber Enterprises India has invested $100,000 in Amber Enterprises USA Inc. and has been allotted 100,000 common stock at par value of $1 per share. Post the allotment of shares as referred above, Amber Enterprises USA Inc. has now become Wholly Owned Subsidiary of Amber Enterprises India with effect from September 13, 2021.
Amber Enterprises USA Inc. has become wholly owned subsidiary (100%) of Amber Enterprises India w.e.f 13 September 2021, which has been formed to help Amber Enterprises India to increase its export from India in North American market. It will increase the footprints of Amber Enterprises India in foreign countries along with export turnover.
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.
