Amber Enterprises on Friday said that it has acquired 36,000 equity shares of face value ₹1,000 each comprising 80 per cent of the equity share capital of Sidwal Refrigeration Industries Private Limited.

Sidwal Refrigeration includes the business of Sidwal Technologies.

Following the acquisition, Sidwal Refrigeration has become a subsidiary of Amber Enterprises India from May 2. Shares of Amber Enterprises gained 1.55 per cent at ₹819.20 on the BSE.

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