Amber Enterprises India has announced the acquisition of the remaining 50% equity stake in Amber Resojet Private Limited, making it a wholly owned subsidiary. The strategic move was approved by the Strategic Alliance Committee of Amber’s Board of Directors and formalised through a Share Purchase Agreement (SPA) executed on 3rd April 2026.
The acquisition involves the purchase of 10,000 equity shares from LCGC Resolute Appliances LLP, Amber Resojet’s existing joint venture partner, for a total consideration of approximately ₹1.74 crore. This transaction is expected to be completed within 30 to 45 days from the execution date of the SPA.
Amber Resojet, incorporated on 18th April 2022, operates in the consumer durables and home appliances industry, specifically in the manufacturing and assembling of fully automatic washing machines. The company’s turnover for the financial year 2024-2025 was ₹36.91 crore, significantly up from ₹13.32 crore in the previous year.
This acquisition falls under the category of related party transactions as per SEBI regulations, with Amber Enterprises and LCGC Resolute Appliances LLP being related parties. The transaction is conducted on an arm’s length basis.
The primary objective of this acquisition is to restructure the existing joint venture into a wholly owned subsidiary, aligning with Amber’s long-term strategic goals. No governmental or regulatory approvals are required for this acquisition.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).