Amber Enterprises India has informed that the definitive agreements have been executed on 21 March 2024 by the Company Amber Enterprises India (Amber) to acquire 50% stake in Resojet ‘(Resojet/JV Company) - A part of LCGC Resolute Group, Hyderabad, to carry on the business of manufacturing of fully automatic top loading and front-loading washing machine(s) and its components (Business). Pursuant to the above definitive agreements, JV Company will be equally owned and controlled by both JV Partners. The details and disclosures as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13 July 2023 and other applicable SEBI Circular(s) are given in Annexure - A and Annexure B to this letter. The above intimation is also available on the website of the Company at www.ambergroupindia.com.
The above information is a part of company’s filings submitted to BSE.
