Shares of Amber Enterprises India saw a 2 percent increase in early trade on February 15, driven by news of its subsidiary’s investment in Shivaliks Mercantile Private Limited.
As of 10:13 am, the shares continued to climb, trading 2.08% higher at ₹3,939.40.
Sidwal Refrigeration Industries Private Limited, a wholly owned subsidiary of Amber Enterprises India, has made a significant primary investment in the equity share capital of Shivaliks Mercantile, amounting to Rs 100 crore. This investment was made in two tranches, reflecting the company’s strategic moves in expanding its portfolio.
