Amber Enterprises India Ltd… has approved the proposal to enter into the definitive agreements for acquiring eighty percent (80%) stake upfront in the equity share capital of Sidwal Refrigeration Industries Private Limited (’Sidwal’), which will include in it, the business of Sidwal Technologies.This 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.

— Equitybulls

S&R Associates advised Sidwal Refrigeration Industries led by a team of partner Viral Mehta, associates Kanika Khanna, Lakshmi Pradeep, Kinnari Sanghavi and Ajatshatru Pandey.

Update 15 June 2020: Vaish Associates advised Amber Enterprises India Limited led by a team including partner Satwinder Singh, principal associate Kalpit Khandelwal and associate Priya Tomer.

2019-03-12

Deal value: Confidential

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