Amber Enterprises India Limited — JV/Acquisition, 14-02-2026: Acquisition

Amber Enterprises' subsidiary, IL JIN Electronics, has acquired a 19.92% stake in MoMagic Wireless Private Limited for Rs 25 Cr. MoMagic specializes in designing and developing wireless communication modules (Cellular, Wi-Fi, BLE). This strategic investment propels IL JIN into the rapidly growing Internet of Things (IoT) domain. The move aims to enhance tech capabilities, access innovative solutions, create new growth opportunities, and broaden IL JIN’s customer base. This strengthens its competitive position and fosters synergies in R&D and market expansion.