Amber Enterprises India has entered into the definitive agreements with Pasio India and has acquired 73% stake in the equity share capital of Pasio. By virtue of the said acquisition of 73% stake in equity share capital of Pasio, the Pasio has become a subsidiary of Amber with effect from December 1, 2021.
This acquisition will help Amber Enterprises to grow its component segment with focus on providing more backward integrated solution in key component of RAC segment viz. cross flow fan along with solution of Injection molding component for other industries viz. refrigeration and automobile segment.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
