Axis Mutual Fund took a new position in Amber Enterprises India Limited, acquiring 462,846 shares for a 1.31% stake. In December 2024, Axis Mutual Fund acquired a 0.39% stake in Amber Enterprises for ₹80 crore.
A leading air conditioner solutions provider, Amber Enterprises manufactures and supplies room air conditioners for original equipment manufacturers and original design manufacturers across India. Incorporated in 1956, the company operates as a prominent player in the household appliances sector, delivering customized air conditioning solutions and components to major OEM and ODM clients throughout the Indian market. The company specializes in both manufacturing and design services for the air conditioning industry.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.
