Amber Enterprises' Subsidiary Disinvests Entire Stake in Shivaliks Mercantile
Amber Enterprises' subsidiary, Sidwal, is divesting its entire 49% equity stake in Shivaliks Mercantile to J P Fincap Private Limited for a nominal value of ₹1,09,798.85. The deal was approved on March 30, 2026, and Shivaliks will no longer be a joint venture.
The stake being sold is in a joint venture that has already written off its investment and incurred losses. The transaction value is nominal, indicating a minimal financial impact on the parent company.
The company is divesting its stake in a joint venture, which has already written off its investment. The transaction value is nominal and Shivaliks was incurring losses. This is a routine corporate action without significant positive or negative implications.
Amber Enterprises India Limited announced that its material subsidiary, Sidwal Refrigeration Industries Private Limited (Sidwal), has entered into a Share Purchase Agreement with J P Fincap Private Limited to divest its entire 49% equity stake in Shivaliks Mercantile Limited.
The Strategic Alliance Committees of the Boards of Directors of Amber Enterprises and Sidwal approved the disinvestment on 30th March 2026. Sidwal has already written off its full investment in Shivaliks in the financial statements for the quarter ended 31st December 2025.
The transaction involves the sale of 10,97,98,850 equity shares held by Sidwal in Shivaliks at a nominal value of approximately ₹1,09,798.85. Upon completion, Shivaliks will cease to be a joint venture of Sidwal. The transaction does not fall within the ambit of related party transactions and is not considered a slump sale.
Shivaliks contributed a loss of ₹2,562.49 lakh to the Company's income (PAT) during the Financial Year ended 31st March 2026. The sale was completed on 30th March 2026.
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Amber Enterprises India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Amber Enterprises India Limited. Read the original for the full detail.