HomeLaw firmsDeals and TransactionsCAM Advises Ascent Investment Holdings on INR 200 Crore Sale of Amber...

Law firms Deals and Transactions

CAM Advises Ascent Investment Holdings on INR 200 Crore Sale of Amber Enterprises Shares

June 25, 2024

Cyril Amarchand Mangaldas (CAM), acted as the Indian legal counsel to Ascent Investment Holdings Pte. Ltd. (“Seller”) in the sale of 500,000 equity shares, constituting approximately 1.48% of Amber Enterprises India Limited’s total issued equity share capital.

The transaction, executed on June 18, 2024, through screen-based trading on the National Stock Exchange of India Limited, yielded an aggregate consideration of approximately Rs. 200 crore.

The transaction was led by partner Abhinav Kumar, supported by senior associate Jhalak Shah.

Ascent Investments Ltd was founded in 2000. The company’s line of business includes holding or owning securities of companies other than banks.

Amber Enterprises India Ltd is a prominent solution provider for HVAC Industry in India. It has a dominant presence in RACs complete built unit and major RAC components with 27 manufacturing facilities across India focusing in on different product segments.

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