Amber Enterprises shares skyrocket over 10% to new 52-week high amid demerger clarification

Amber clarified that “as on date” (December 26, 2024) it has not considered demerging its electronics vertical. However, it will make required disclosures to the bourses about the reported demerger at a future date.

“As on date, there is no such event that triggers the disclosure obligations under Regulation 30 of SEBI LODR Regulations. The Company will make appropriate disclosures regarding material events in the future as required under the SEBI LODR Regulations,” it said in a regulatory filing dated December 26.

On Tuesday, December 24, amid a news report that Amber was mulling a demerger of its electronic business, its stock surged 8.55%, reaching the previous 52-week high of ₹7,498.70 on the National Stock Exchange (NSE).

Additionally, as per the report, the company was planning to float an IPO of the demerged entity.

Amber Enterprises also stated that it operates various subsidiaries and evaluates different strategic opportunities from time to time for their growth and expansion in the ordinary course of business, including fund-raising efforts.

“The Company has complied with and continues to comply with the relevant disclosure norms under the SEBI LODR Regulations and has been consistently and transparently disclosing to the Stock Exchanges all its future endeavours from time to time,” the smallcap concluded.

The scrip closed in the green at ₹7,719, up 6.74% on the NSE.

The company has gained 29.09% over the past five days on the bourse.

Amber Enterprises hit its 52-week low of ₹2,992.50 on March 20, 2024.

The company had a market cap of ₹25,831.52 crore as of December 26, 2024, according to the stock exchange.