Amber Enterprises India Limited — JV/Acquisition, 03-04-2026: Acquisition

Amber Enterprises, through its material subsidiary IL JIN Electronics, has completed the first phase of acquiring MoMagic Wireless Private Limited. IL JIN now holds a 16.60% equity stake in MoMagic, secured by subscribing to a fresh issue of shares. The deal for this first tranche is valued at approximately **Rs 20 Cr**. This marks a strategic investment for Amber, with further details on potential future tranches and overall strategic goals likely to emerge. Investors should monitor how MoMagic integrates into Amber's portfolio.