Amber Enterprises India has entered into the definitive agreements with AmberPR Technoplast India (AmberPR) (Formerly known as Pasio India) and acquired balance 27% stake in the equity share capital of AmberPR, which is engage in the business of cross flow fans and its plastic parts, fans and fan guard for outdoor units of room air conditioners, plastic parts for water dispenser and refrigeration applications (other than automobile industry) and plastic parts for seats of trucks, tractors and buses (Business).
By virtue of the aforesaid acquisition of balance 27% stake in equity share capital of AmberPR, the AmberPR has become a Wholly Owned Subsidiary of Amber Enterprises India with effect from August 01, 2023.
This acquisition will help the company 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.
