MoneyWorks4Me

Amber Enterprises’ arm acquires 80% stake in Shogini Technoarts

02 Dec 2025 Evaluate

Amber Enterprises India’s material subsidiary -- IL JIN Electronics (India) has acquired 80% stake in the equity share capital of Shogini Technoarts (Shogini) on December 1, 2025, for a total purchase consideration of around Rs 506 crore. Consequent to the aforesaid acquisition, Shogini has become a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises India. 

Amber Enterprises India design and manufacture complete RACs including window air conditioners (WACs) and indoor units (IDUs) and outdoor units (ODUs) of split air conditioners (SACs) with specifications ranging from 0.75 ton to 2 ton, across energy ratings and types of refrigerant.


Peers
Company Name CMP
Voltas 1156.10
Blue Star 1505.00
Amber Enterprises 7061.45
EPACK Durable 180.45
Bosch Home Comfort 1683.30
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