Announced Thu, 18 Jun · 14:10 IST
Amber unit IL JIN to raise Ascent Circuits stake to 98.50 percent
AMBER · price
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Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹7864.00
prior close
₹7975.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.5+0.2-0.1+0.1+0.5-1.0-0.4-2.8-4.3-1.1-0.3——
Up moveDown movePending
AI summary
Amber Enterprises material subsidiary IL JIN Electronics has signed Share Purchase Agreements to acquire an additional 38.50 percent equity stake in Ascent Circuits Private Limited, a step-down subsidiary. The deal, to be done in one or more tranches, will lift IL JIN holding in Ascent from 60 percent to 98.50 percent, making it a near-fully owned unit.
Likely market impact
Tightens control of step-down subsidiary Ascent Circuits. Minor cash outlay, fuller share of subsidiary profits going forward.