Amber Enterprises Acquires Additional Stake In Ever Electronics Private Limited

On May 24, 2024, Amber Enterprises India Limited announced that announced that it had acquired an additional 20.22% equity stake in Ever Electronics Private Limited (EVER). The total cost of acquisition is ₹68,63,00,940.

Before the acquisition, Amber Enterprises held 38,23,127 shares of EVER, leading to 70% of the shareholding. Post-acquisition, the company holds 49,39,064 shares, leading to 90.22% of the shareholding.

About EVER Electronics 

EVER Electronics was established on August 2, 2004, and is headquartered in Pune, Maharashtra. The company engages in the production, assembling, and dealing of electronically assembled printed circuit boards (PCBs) for different industries. The company is in the electronics industry. EVER Electronics has a turnover of ₹306.95 crore in FY 2023-2024, ₹296.90 crore in FY 2022-2023, and ₹223.07 crore in FY 2021-2022.

It has an authorised share capital of ₹5,50,00,000, divided into 55,00,000 equity shares, each valued at ₹10. The company’s paid-up share capital stands at ₹5,47,44,670 , comprising 54,74,467 equity shares, each also valued at ₹10.

About Amber Enterprises India Ltd 

Amber Enterprises India Ltd was established in 1965. The company engages in manufacturing RACs such as Window Air Conditioners and Indoor/Outdoor Units of Split Air Conditioners. The total market cap of the company is ₹12,544.68 crore.

In FY 2024, the company’s revenue from operations was ₹2,06,351.46 lakh. The total Income increased to ₹2,06,687.80 lakh from ₹81,562.07 lakh in the previous quarter. The company reported a profit before tax of ₹9,134.11 lakh. The basic and diluted EPS for the quarter ended March 2024 are ₹19.57 and ₹19.51, respectively.

On May 27, 2024, Amber Enterprises India Ltd opened at ₹3,789.00.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.