Amber Enterprises India Acquires 100% Stake in ILJIN Holding for NIS 15,79,23,058.74
Amber Enterprises India Ltd has acquired a 100% equity stake in ILJIN Holding Ltd for a total purchase price of NIS 15,79,23,058.74. ILJIN Holding was incorporated on 7th September 2025 and is a Special Purpose Vehicle (SPV) established to support ILJIN’s international investment and acquisition strategy. The acquisition is a related party transaction, with Mr. Jasbir Singh, Executive Chairman & CEO and Whole-time Director of Amber Enterprises India Limited, and Mr. Sudhir Goyal, Chief Financial Officer of Amber Enterprises India Limited, serving as directors in ILJIN Holding. The acquisition is aligned with Amber Enterprises' Electronic Division's strategy to expand into industrial applications and enhance its competitiveness in the Indian market.
Key Highlights
- Amber Enterprises India Ltd acquires 100% equity stake in ILJIN Holding Ltd for NIS 15,79,23,058.74.
- ILJIN Holding is a Special Purpose Vehicle (SPV) established to support ILJIN’s international investment and acquisition strategy.
- The acquisition is a related party transaction with Mr. Jasbir Singh and Mr. Sudhir Goyal serving as directors in ILJIN Holding.
- The acquisition is aligned with Amber Enterprises' Electronic Division's strategy to expand into industrial applications.
- The acquisition is expected to enhance Amber Enterprises' competitiveness in the Indian market and provide access to global markets like US and Europe.