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Amber Enterprises India LimitedJV/Acquisition, 03-07-2026: Acquisition

03-07-2026 | 06:09 pm

Amber Enterprises' subsidiary, IL JIN Electronics, has boosted its stake in step-down subsidiary Ascent Circuits Private Limited. IL JIN acquired an additional 1.00% equity in Ascent for Rs. 8 Crore, increasing its total ownership from 97.50% to 98.50%. This strategic move by Amber further consolidates its control and integration of Ascent Circuits, a key part of its existing ecosystem. The acquisition strengthens Amber's overall operational footprint within its current portfolio, reflecting continued confidence and solidifying its position with this incremental financial outlay.

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