IL JIN to acquire remaining 40% in Power-One via share swap
AMBER · price
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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.
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Amber Enterprises material subsidiary IL JIN Electronics will acquire the remaining 40% stake in step-down subsidiary Power-One Micro Systems via a share swap. IL JIN will issue 1,76,000 Compulsorily Convertible Preference Shares at Rs 10,000 each to the sellers, with no cash outflow. Power-One makes solar inverters, UPS, battery storage and EV chargers, with FY26 turnover of Rs 270 crore. Post deal, Power-One becomes a wholly-owned subsidiary.
Positive consolidation with no cash outflow, simplifying group structure. Power-One becomes wholly-owned, boosting future earnings consolidation for Amber shareholders.