While some brokerages say Amber Enterprises’ strategic manufacturing collaboration with Oppo Mobiles India, which marks its foray into the smartphone manufacturing segment, is value accretive, others remain cautious amid multiple headwinds.
In a regulatory filing released last week, Amber Enterprises said it has entered into a manufacturing collaboration agreement with Oppo India, a licensed manufacturer of smartphones for brands including OPPO, OnePlus, and Realme in the Indian market.