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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

7618.85 3.60 (0.05%)
07-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Voltas 1287.45
Blue Star 1604.80
Amber Enterprises 7618.85
Bosch Home Comfort 1335.00
EPACK Durable 235.60
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