Amber Enterprises shines on acquiring 50% stake in Resojet
Amber Enterprises India is currently trading at Rs. 4067.15, up by 99.20 points or 2.50% from its previous closing of Rs. 3967.95 on the BSE.
The scrip opened at Rs. 3996.00 and has touched a high and low of Rs. 4130.00 and Rs. 3996.00 respectively. So far 4390 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4615.20 on 31-Jan-2024 and a 52 week low of Rs. 1806.00 on 09-May-2023.
Last one week high and low of the scrip stood at Rs. 4130.00 and Rs. 3709.95 respectively. The current market cap of the company is Rs. 13695.66 crore.
The promoters holding in the company stood at 40.31%, while Institutions and Non-Institutions held 41.82% and 17.87% respectively.
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.
