Amber Enterprises India Limited has announced the acquisition of the remaining 50% equity stake in Amber Resojet Private Limited, its joint venture company, for an aggregate consideration of approximately ₹1.74 crore. This strategic move will transform Amber Resojet into a wholly-owned subsidiary of Amber Enterprises.
The acquisition was approved by the Strategic Alliance Committee of Amber’s Board of Directors and executed through a Share Purchase Agreement (SPA) with LCGC Resolute Appliances LLP, the existing joint venture partner. The SPA was signed on 3rd April 2026, and the transaction is expected to be completed within 30 to 45 days from the execution date.
Amber Resojet, established on 18th April 2022, operates in the consumer durables and home appliances industry, focusing on the manufacturing and development of fully automatic top-loading and front-loading washing machines. The company reported a turnover of ₹36.91 crore for the financial year 2024-2025.
The acquisition is classified as a related party transaction under SEBI regulations, as Amber Enterprises and LCGC Resolute Appliances LLP are related parties. The transaction is conducted on an arm’s length basis, and no governmental or regulatory approvals are required.
Amber Enterprises currently holds 50% of Amber Resojet’s equity, and with this acquisition, it will own 100% of the company’s equity share capital. The acquisition aligns with Amber’s long-term strategic goals to restructure the joint venture into a wholly-owned subsidiary.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).