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

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.