Amber Enterprises India Limited has entered into the definitive agreements with Pravartaka Tooling Services Private Limited ("Pravartaka") and acquired 60% stake in the equity share capital of Pravartaka, which is engage in the business of injection mould tool manufacturing and injection moulding components manufacturing for various industries ("Business"). The Business is being acquired by Pravartaka from Pioneer Tooling Services ("Pioneer") one of the leading injection moulding tool maker and injection moulding components maker for consumer durable, automotive and electronics industry on slump sale basis in the financial year 2021-22. By virtue of the aforesaid acquisition of 60% stake in equity share capital of Pravartaka, the Pravartaka has become a subsidiary of Amber Enterprises India Limited with effect from 1 February 2022. Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 3497.50 as compared to the previous close of Rs. 3607.95. The total number of shares traded during the day was 7546 in over 1371 trades. The stock hit an intraday high of Rs. 3679.00 and intraday low of 3485.00. The net turnover during the day was Rs. 26752975.00.

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