Amber Enterprises India Limited has entered into a Share Purchase Agreement to acquire the remaining 50% equity stake in Amber Resojet Private Limited. Valued at approximately INR 1.74 Crore, this strategic move will transition the joint venture into a wholly owned subsidiary (WOS) of Amber. The transaction aims to align Amber Resojet’s operations with the company’s long-term business goals, with full board control expected upon completion within 30 to 45 days.
Strategic Business Consolidation
Amber Enterprises India Limited has officially moved to consolidate its presence in the consumer durables and home appliances sector. By acquiring the final 50% stake from its partner, LCGC Resolute Appliances LLP, the company is set to take full ownership of Amber Resojet. This transition reflects a strategic shift to integrate the subsidiary completely into the Amber Group, streamlining operational management and decision-making.
Financial and Operational Highlights
The deal is valued at an aggregate consideration of INR 1.74 Crore for the purchase of 10,000 equity shares. Amber Resojet, which specializes in the manufacturing and design of fully automatic top-loading and front-loading washing machines, has seen significant growth in recent years. Its reported turnover reached INR 36.91 Crore in the 2024-2025 financial year, up from INR 13.33 Crore in 2023-2024, underscoring the value of this acquisition.
Transaction Timeline and Impact
The Share Purchase Agreement, signed on April 3, 2026, also results in the formal termination of the previous investment-cum-joint venture agreement established in March 2024. The company expects the process to conclude within 30 to 45 days. This restructuring is expected to have no adverse impact on Amber Enterprises, as the company prepares to leverage its new status as the sole owner to drive long-term strategic initiatives.
Source: BSE
