Announced Thu, 18 Jun · 13:57 IST
IL JIN to acquire additional 38.5% stake in Ascent Circuits
Strategic Transactions View source PDF
AMBER · price
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Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹7864.00
prior close
₹8037.50
base price
In-mkt
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AI summary
Amber's material subsidiary IL JIN Electronics has signed Share Purchase Agreements to buy an additional 38.50% equity stake in Ascent Circuits Private Limited, its existing subsidiary. Post-acquisition, IL JIN's holding in Ascent will rise from 60% to 98.50%, making Ascent an almost wholly-owned step-down subsidiary of Amber. The acquisition will happen in one or more tranches. Financial terms not disclosed.
Likely market impact
Increases Amber's effective control over Ascent Circuits to 98.50%, consolidating its electronics manufacturing footprint. Deal terms undisclosed.