Acquisitions1 Dec 2025, 06:52 pm
Amber Enterprises India Ltd Subsidiary Acquires 80% Stake in Shogini Technoarts Pvt Ltd for Rs. 506 Crore
AI Summary
Amber Enterprises India Ltd announced that IL JIN Electronics (India) Private Limited, a material subsidiary of the Company, has acquired 80% stake in the equity share capital of Shogini Technoarts Pvt Ltd for a total purchase consideration of approximately Rs. 506 Crore. This acquisition makes Shogini a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises India Limited. The required disclosures under SEBI (LODR) Regulations have been submitted.
Key Highlights
- Amber Enterprises India Ltd's subsidiary, IL JIN Electronics (India) Private Limited, has acquired 80% stake in Shogini Technoarts Pvt Ltd
- The total purchase consideration is approximately Rs. 506 Crore
- Shogini Technoarts Pvt Ltd has become a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises India Limited
- The acquisition is in compliance with SEBI (LODR) Regulations and other applicable circulars
- The required disclosures under SEBI (LODR) Regulations have been submitted