Amber Enterprises India has acquired an additional 20.22% Equity Stake in Ever Electronics (EVER), from existing shareholder of EVER i.e. Mr. Hyun Chul Sim, on May 24, 2024. Consequent to the aforesaid acquisition, the shareholding of the Amber in EVER stands increased from 70% to 90.22%. Cost of acquisition is Rs 68.63 crore. The acquisition is of strategic nature for increase in equity stake of the Company in EVER.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
