Singapore government picks up over 11 lakh shares of the Amber Enterprises

Singapore government picked up over 11 lakh shares of the Amber Enterprises India Limited. The shares were purchased on Friday for a total transaction value of Rs 316 crore at an average price of Rs 2,800 per share.

According to block deal data, Ascent Investment Holdings Pte Limited sold 12.6 lakh shares, or 3.7 percent of Amber, for the same price, totaling Rs 353 crore.

Equipment for heating and ventilation is produced by Amber Enterprises. It sells vacuum forming, air conditioners, vacuum refrigerators, heat exchangers, air conditioners, household appliances, and lighting products. Additionally, it makes injection-molded products, sheet metal components, and automotive parts.

Source: Media Reports