Amber enterprises subsidary invest 100 cr in shivaliks mercantile

The company’s affiliate has engaged in an investment venture with Shivaliks Mercantile Private Limited. Sidwal Refrigeration Industries Private Limited, which is a fully owned substantial subsidiary of Amber Enterprises India, has initiated a primary investment in the equity share capital of Shivaliks Mercantile, amounting to a total of Rs 100 crore, disbursed in two installments. As per the agreement, both TRSL and the Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Limited, will jointly contribute up to Rs 120 crore each to secure equal control in the Special Purpose Vehicle (SPV), aimed at establishing the new railway component business and undertaking fresh equity investment in Firema, Italy.