Amber Enterprises’ arm acquires additional stake in Ascent Circuits

Amber Enterprises India Ltd. | Air Conditioners | Consumer Durables | BSE: 540902 | NSE: AMBER

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	1163.35
Blue Star	1514.30
Amber Enterprises	7065.00
EPACK Durable	181.90
Bosch Home Comfort	1690.00
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.