Amber Enterprises hits 52-week high as its arm inks pact to form Joint Venture Company
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Amber Enterprises India is currently trading at Rs. 5409.85, up by 245.90 points or 4.76% from its previous closing of Rs. 5163.95 on the BSE.
The scrip opened at Rs. 5155.00 and has touched a high and low of Rs. 5485.90 and Rs. 5148.25 respectively. So far 5934 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5,485.90 on 16-Oct-2024 and a 52 week low of Rs. 2712.10 on 23-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5485.90 and Rs. 5001.60 respectively. The current market cap of the company is Rs. 17894.13 crore.
The promoters holding in the company stood at 39.79%, while Institutions and Non-Institutions held 44.20% and 16.02% respectively.
Amber Enterprises India’s material subsidiary -- ILJIN Electronics (India) has entered into Joint Venture (JV) agreement with Korea Circuit Co., a pioneer of printed circuit boards (PCB(s)) based out of Korea on October 15, 2024, to form a Joint Venture Company in India, to carry on the business of production, manufacturing, assembling and selling of HDI, Flex, and Semiconductor Substrates PCBs (Business).
Pursuant to the said JV agreement, the proposed JV Company will be 70% owned by ILJIN Electronics (India) and 30% owned by Korea Circuit Co. The Joint Venture will bring the world leading manufacturing excellence of PCBs into India, in line with the ‘Aatmanirbhar Bharat’ vision of Government of India and this JV will further strengthens the domestic value addition of the industry and capabilities for import substitution.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
