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Amber Enterprises gains on investing in Amber Enterprises USA

14 Sep 2021 Evaluate

Amber Enterprises is currently trading at Rs. 3250.00, up by 35.45 points or 1.10% from its previous closing of Rs. 3214.55 on the BSE.

The scrip opened at Rs. 3229.00 and has touched a high and low of Rs. 3272.00 and Rs. 3229.00 respectively. So far 3334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3667.50 on 05-Mar-2021 and a 52 week low of Rs. 1784.75 on 14-Sep-2020.

Last one week high and low of the scrip stood at Rs. 3272.00 and Rs. 3101.60 respectively. The current market cap of the company is Rs. 10977.42 crore.

The promoters holding in the company stood at 40.27%, while Institutions and Non-Institutions held 35.35% and 24.39% respectively.

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.

Amber Enterprises Share Price

7960.30 249.00 (3.23%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Voltas 1440.00
Blue Star 1865.85
Amber Enterprises 7960.30
Bosch Home Comfort 1347.55
EPACK Durable 248.40
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