Shivaliks Mercantile (Shivaliks), the JV-SPV of Sidwal Refrigeration Industries (Sidwal), the wholly owned material subsidiary of Amber Enterprises India (Amber), has acquired 34.59% stake in the share
capital of in Titagarh Firema SpA, a company based out of Italy (Firema), at a cost consideration aggerating to approximately Rs. Euro 20.21 million, to grow capabilities and capacities for various products in India and globally.
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