Amber's subsidiary IL JIN to acquire remaining 1.50% in Ascent Circuits via share swap

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

AMBER · price

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Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹6668.00

prior close

₹6695.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.1%-0.9% vs market

Household Appliances peers, median of 22sector-1.4%-0.7% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.7 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

-0.2

15m

-0.8

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-1.1-0.9-1.4-0.7

Next day

-4.9-3.4-1.5-3.0-1.9

-7.3-4.4-2.9-4.1-3.2

-10.0-7.1-2.8-7.4-2.5

-11.4-6.1-5.3-6.1-5.3

-9.6pendingpending-3.6-6.0

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Household Appliances peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IL JIN Electronics, a material subsidiary of Amber Enterprises, signed a Share Swap Agreement on 18 October 2026 to acquire the remaining 1.50% stake in Ascent Circuits (PCB manufacturer, FY26 turnover Rs. 40,187 lakh). IL JIN will issue 13,120 CCPS A2 at Rs. 10,000 each (about Rs. 13.12 crore) against 23,401 equity shares. Post-deal, Ascent Circuits becomes a wholly-owned subsidiary. No cash outflow.

Likely market impact

Consolidates 100% ownership of step-down subsidiary; minor 1.50% stake, no cash outflow, simplifies group structure.