Amber Enterprises India’s Raising Found

Khaitan & Co advised Amber Enterprises India Limited on the deal.

Amber Enterprises India approved allotment of 22,47,191 equity shares to eligible qualified institutional buyers at an issue price of Rs 1,780 per equity share, aggregating to approximately Rs 400 crore.

Amber Enterprises India Limited manufactures heating and ventilation equipment and offers refrigerators, heat exchangers, air conditioners, home appliances, vacuum forming, and lighting products. Amber Enterprises also produces auto parts, injection molding, and sheet metal components.

The Khaitan & Co team was led by Executive Director Sudhir Bassi (Picture), Gautham Srinivas (Partner), Devi Prasad Patel (Senior Associate), Sathvik Ponnappa (Senior Associate) and Sai Saket Rachakonda (Associate).

Involved fees earner: Sudhir Bassi – Khaitan & Co.; Devi Prasad Patel – Khaitan & Co.; Sathvik Ponnappa – Khaitan & Co.; Sai Saket Rachakonda – Khaitan & Co.; Gautham Srinivas – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Amber Enterprises India ;

Author: Michael Patrini