Amber Enterprises India Ltd Secures Rs. 1100 Crore Investment for Electronics Segment Growth

Amber Enterprises India Ltd has executed Definitive Transaction Agreements with IL JIN Electronics (India) Private Limited, Mr. Hyun Chul Sim, and investors Raptor Investments Limited, Two Infinity Partners, and Chryscapital Fund X. The agreements facilitate the raising of Rs. 1100 Crore by IL JIN for organic and inorganic growth. The investors have agreed to subscribe to 38,414 Equity Shares and 16,51,768 Compulsorily Convertible Preference Shares A1 (CCPS A1). Amber, as the holding company and Promoter of IL JIN, holds 90.22% of the total paid-up Equity Share Capital of ILJIN. The investors collectively have the right to nominate one non-executive director on IL JIN’s Board and have standard pre-emptive rights and other rights which are customary to this type of transaction.