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Amber Enterprises India acquired 9,000 equity shares representing a 20% stake in Sidwal Refrigeration Industries, making it a wholly-owned subsidiary effective 18 September 2020.
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.