Announced Fri, 19 Jun · 17:47 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
Amber Enterprises' material subsidiary IL JIN Electronics bought an additional 37.50% stake in Ascent Circuits for about Rs 328 crore on 19 June 2026. IL JIN's holding in Ascent rises from 60% to 97.50%, making Ascent nearly a wholly-owned step-down subsidiary. The deal follows an earlier intimation dated 18 June 2026. Funding source and deal rationale were not detailed in this filing.
Likely market impact
Consolidates Amber's control over Ascent Circuits, strengthening its electronics value chain. Cash outflow of Rs 328 Cr may dent short-term liquidity.