IL JIN Acquires 1% More in Ascent Circuits for ₹8 Cr
Amber Enterprises India Ltd's material subsidiary, IL JIN Electronics (India) Private Limited, has acquired an additional 1.00% equity stake in Ascent Circuits Private Limited. The acquisition, completed on July 3, 2026, cost approximately ₹8 Crore. This increases IL JIN's shareholding in Ascent from 97.50% to 98.50%. Ascent Circuits is a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises India Ltd. This move further consolidates Amber's control over its subsidiary's operations.
Key Highlights
- IL JIN increased its stake in Ascent Circuits by 1.00%.
- The acquisition cost approximately ₹8 Crore.
- IL JIN's shareholding in Ascent now stands at 98.50%.
- This is a strategic move by a material subsidiary of Amber Enterprises.
Price Impact
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