Amber Enterprises India has acquired additional 4.6% Equity Stake in IL JIN Electronics (India) (IL JIN), from existing shareholder of IL JIN, Hyun Chul Sim, on June 12, 2024. Consequent to the aforesaid acquisition, the shareholding of the company in IL JIN stands increased from 85.6% to 90.2%. Cost of acquisition is Rs 33.22 crore. The acquisition is of strategic nature for increase in equity stake of the Company in IL JIN.
IL JIN is majorly engaged in the Business of manufacturing, assembling, or dealing in the printed circuits board assemblies (PCBAs) and printed circuit boards (PCBs), for various industries.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
