Amber Enterprises Disinvests from Shivaliks Mercantile, Ceases Joint Venture
Amber Enterprises India Ltd. announced the complete divestment of its 49% equity stake in Shivaliks Mercantile Limited, effectively ending the joint venture arrangement with Sidwal Refrigeration Industries Private Limited. The transaction occurred on March 30, 2026.Sidwal, a material subsidiary of Amber Enterprises, sold its entire stake to J P Fincap Private Limited for a nominal value of Rs. 1,09,798.85. This sale involves 10,97,98,850 equity shares. Shivaliks Mercantile Limited will no longer be considered a joint venture company of Sidwal following the completion of the sale.
Sidwal had previously written off its full investment in Shivaliks in the financial statements for the quarter ended December 31, 2025.
J P Fincap Private Limited is an independent third-party entity not related to Amber Enterprises or its promoter group. The transaction does not constitute a related-party transaction.
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