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.
| 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.. | |
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