Investment7 Sept 2025, 10:00 am
Amber Enterprises India Ltd Executes Definitive Transaction Agreements with ILJIN for Rs. 100 Crore Funding
AI Summary
Amber Enterprises India Ltd has executed Definitive Transaction Agreements with ILJIN Electronics (India) Private Limited, a material subsidiary, for raising funds worth Rs. 100 Crore. The agreements include a Shareholders’ Agreement (SHA) and Securities Subscription Agreement (SSA) with ILJIN, a non-executive Director and Shareholder of ILJIN, and two independent investors. The funds will be used for organic and inorganic growth of the electronics segment of the Company. The transaction will result in a reduction of the Company's shareholding in ILJIN upon conversion of Compulsorily Convertible Preference Shares (CCPS) by the investors.
Key Highlights
- Amber Enterprises India Ltd executes Definitive Transaction Agreements with ILJIN for Rs. 100 Crore funding
- ILJIN to raise funds for organic and inorganic growth of the electronics segment
- Includes Shareholders’ Agreement (SHA) and Securities Subscription Agreement (SSA) with ILJIN, a non-executive Director and Shareholder of ILJIN, and two independent investors
- CCPS conversion will happen at mutually agreed price between the parties
- Company's shareholding in ILJIN to reduce upon conversion of CCPS