Announced Fri, 19 Jun · 17:54 IST
Amber's IL JIN raises stake in Ascent Circuits to 97.50% for Rs 328 Cr
AMBER · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹7873.00
prior close
₹8050.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.3+0.2-1.6-1.1-0.5-2.9-5.6-4.4-6.0-1.3-4.9——
Up moveDown movePending
AI summary
IL JIN Electronics, a material subsidiary of Amber Enterprises, acquired an additional 37.50% equity stake in Ascent Circuits for about Rs. 328 Crore. IL JIN's holding in Ascent rose from 60% to 97.50%, making Ascent a near-wholly owned step-down subsidiary of Amber. Deal completed on 19th June 2026.
Likely market impact
Amber consolidates Ascent Circuits as near-wholly owned subsidiary, boosting future earnings share but with Rs 328 Cr cash outflow.