Amber Enterprises India Limited has announced the approval of a merger with its wholly owned subsidiary, AmberPR Technoplast India Private Limited. The Board of Directors approved the scheme of amalgamation during a meeting held on October 22, 2024, as per the provisions of Sections 230-232 of the Companies Act, 2013.
The scheme is subject to regulatory approvals. AmberPR’s turnover was INR 120.93 crore, and its net worth was INR 29.24 crore as of March 31, 2024. The merger aims to decrease compliance costs and improve operational efficiency.
For Amber Enterprises, this strategic move aligns with its long-term vision of improving operational efficiency and boosting shareholder value through consolidation and growth.
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Amber Enterprises