Amber Enterprises to acquire 80% stake in Sidwal Refrigeration Industries

Amber Enterprises India has received board approval to acquire an 80% stake in Sidwal Refrigeration Industries, including the business of Sidwal Technologies, to strengthen its presence in the air conditioner space for mobile, railway, metro, bus, telecom, and defence applications.

“The acquisition will strengthen Amber's leadership and market presence in the air conditioner space in India and it will create a platform providing unmatchable, high quality and price competitive product offering for mobile applications, railways, metro, bus, telecom and defence applications.”moneyworks4me.com

• 2 sources
• moneyworks4me.comAmber Enterprises to acquire 80% stake in Sidwal Refrigeration Industries - Amber Enterprises India Ltd. Latest NewsMar 22, 2019
• thehindubusinessline.comCompany news: Amber Enterprises - The HinduBusinessLineMay 3, 2019

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