Amber Enterprises shares in focus amid clarification on demerger buzz
Amber Enterprises may remain in focus in Thursday’s trading session. The company clarified that, as of date, no consideration has been given to demergering its electronics division.
“We wish to apprise the exchange that the Company has several subsidiaries, and it evaluates various strategic opportunities from time to time for their growth and expansion in the ordinary course of business including but not limited to various fund-raising activities,” said the company in its filing to the exchanges.
The company stated that no such event triggers the disclosure obligations under the SEBI or exchange guidelines, and they will do the same in the future regarding any material updates.
On Friday, reports suggested that the company is considering demerging its electronics division, following which, it may float an IPO for the demerged unit.
For the second quarter ended September 2024, Amber Enterprises’ electronics division reported a robust growth of 98% against the previous year, while the company’s operating EBITDA in Q2FY25 grew by 85% YoY, reflective of their blend of strategy for RAC and the components complimented with the growth in the electronic division.
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