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Amber Enterprises acquires 50% stake in Resojet

06 May 2024 Evaluate

Amber Enterprises India has acquired 50% stake through primary investment in equity share capital of Resojet (JV Company) - A part of LCGC Resolute Group, Hyderabad, on May 4, 2024, at a cost consideration of Rs 35 crore. Pursuant to the said acquisition, Resojet has become a Joint Venture Company of the Company.

Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.


Peers
Company Name CMP
Voltas 1059.00
Blue Star 1497.00
Amber Enterprises 6558.50
EPACK Durable 168.25
Bosch Home Comfort 1997.40
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