Global investment firm Goldman Sachs Group Inc. is set to invest about Rs.400 crore in Amber Enterprises Pvt. Ltd, one of the largest original equipment manufacturers (OEMs) of consumer durables in India, according to two people familiar with the development. Goldman will acquire a 34% stake from existing investor Fairwinds Private Equity (formerly Reliance Equity Advisors) and 14-15% stake from promoters of Amber, said one of the two persons, requesting anonymity.

The equity valuation of Amber stands at about Rs.800 crore, and the firm has about Rs.400 crore in debt on its books, said the second person, also declining to be named. Global investment firm Goldman Sachs Group Inc. is set to invest about Rs.400 crore in Amber Enterprises Pvt. Ltd, one of the largest original equipment manufacturers (OEMs) of consumer durables in India, according to two people familiar with the development.

http://www.livemint.com/Companies/6Iod3S8FZoOMyLJ4mkkrzJ/Goldman-Sachs-to-invest-in-Amber-Enterprises.html

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