Amber Enterprises India has announced a significant investment of approximately ₹296.02 crore in its material subsidiary, IL JIN Electronics (India) Private Limited. This investment will be made through subscription to a rights issue approved by IL JIN’s Board of Directors.
IL JIN Electronics, a prominent player in the Electronics Manufacturing Services (EMS) sector, serves a diverse range of industries including automotive, smart electronics, consumer durables, telecom, healthcare, industrial, renewable energy, aerospace, and defence. The company, incorporated on 11th September 2001, is headquartered in Pune, Maharashtra.
The rights issue aims to support IL JIN’s strategic initiatives, with the process expected to conclude by 30th April 2026. The acquisition will be executed through cash consideration via normal banking channels. Post-acquisition, Amber Enterprises will see a slight increase in its shareholding in IL JIN from 89.58% to 89.72%.
IL JIN Electronics reported a turnover of ₹1,46,001.15 lakh for the financial year 2024-2025, showcasing its robust growth trajectory. The company’s authorised share capital has been increased to ₹20 crore, comprising ₹16 crore in equity shares and ₹4 crore in preference shares.
Despite IL JIN being a related party due to common directorships with Amber Enterprises, the acquisition does not fall under related party transactions as per SEBI regulations. Therefore, no governmental or regulatory approvals are necessary for this acquisition.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).