Amber Enterprises India has entered into the definitive agreements with ‘Pravartaka Tooling Services’ (Pravartaka) and acquired 60% stake in the equity share capital of Pravartaka, which is engaged in the business of injection mould tool manufacturing and injection moulding components manufacturing for various industries (Business). The Business is being acquired by Pravartaka from Pioneer Tooling Services (Pioneer) one of the leading injection moulding tool maker and injection moulding components maker for consumer durable, automotive and electronics industry on slump sale basis in the financial year 2021-22.
By virtue of the aforesaid acquisition of 60% stake in equity share capital of Pravartaka, the Pravartaka has become a subsidiary of Amber Enterprises India with effect from February 01, 2022. This acquisition will help company to have inhouse capability of injection molding tools manufacturing and grow its component segment with focus on providing more diversified solution of Injection molding component for industries such as automotive, electronics & consumer durable.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
Company Name | CMP |
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Voltas | 1288.70 |
Blue Star | 1581.85 |
Amber Enterprises | 3969.65 |
Johnson Controls | 1273.75 |
EPACK Durable | 180.45 |
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