SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Amber Enterprises India’s arm acquires 1% equity stake in Ascent

04 Jul 2026 Evaluate

Amber Enterprises India’s material subsidiary -- IL JIN Electronics (India) (IL JIN) has acquired an additional 1.00% equity stake in Ascent Circuits (Ascent), a subsidiary of IL JIN and a step-down subsidiary of the company on July 03, 2026, for a purchase consideration of around Rs 8 crore. Consequent to the said acquisition, IL JIN’s shareholding in Ascent has increased from 97.50% to 98.50%.

The acquisition aimed at increasing IL JIN’s shareholding in Ascent thereby achieving near-complete ownership and effective control, consistent with IL JIN’s long-term objective of strengthening its position in the electronics sector and enhancing operational synergies.

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

Amber Enterprises Share Price

7482.10 73.95 (1.00%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Voltas 1282.10
Blue Star 1583.60
Amber Enterprises 7482.10
Bosch Home Comfort 1359.00
EPACK Durable 238.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: