MoneyWorks4Me

Amber Enterprises’ arm acquires additional stake in Ascent Circuits

20 Jun 2026 Evaluate

Amber Enterprises India’s material subsidiary -- IL JIN Electronics (India) (IL JIN) has acquired an additional 37.50% equity stake in Ascent Circuits (Ascent), a subsidiary of IL JIN and a step-down subsidiary of the company on June 19 2026, for a total purchase consideration of around Rs 328 crore.

Consequent to the aforesaid acquisition, IL JIN’s shareholding in Ascent has increased from 60% to 97.50%.

Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.


Peers
Company Name CMP
Voltas 950.00
Blue Star 1496.00
Amber Enterprises 6008.40
EPACK Durable 154.10
Bosch Home Comfort 1640.40
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