Amber Enterprises: IL JIN subsidiary fundraise amendment, 1100 Cr intact
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Amber's material subsidiary IL JIN Electronics amended its SHA and SSA with three investors: Raptor Investments, Two Infinity Partners, and ChrysCapital Fund X. The amendment reallocates 38,414 equity shares and 16,51,768 CCPS among them. Total securities and the 1100 Cr subscription remain unchanged. Capital is for organic and inorganic growth in electronics. IL JIN Director Mr Hyun Chul Sim resigned, continuing as shareholder only.
1100 Cr fund raise at IL JIN subsidiary proceeds unchanged. Only inter-se investor allocation is revised. Amber retains 90.22 percent stake in IL JIN.