Investment26 Sept 2025, 02:02 am
Amber Enterprises India Ltd to Raise Rs. 550 Crores through IL JIN Electronics (India) Private Limited
AI Summary
Amber Enterprises India Ltd has executed definitive transaction agreements with IL JIN Electronics (India) Private Limited and other investors. The agreements facilitate the raising of funds of Rs. 550 Crores by ILJIN for organic and inorganic growth of the electronics segment of the Company. ILJIN has agreed to offer, issue and allot 8,45,092 Compulsorily Convertible Preference Shares (CCPS) to the investors. The CCPS conversion will happen at mutually agreed price between the parties at the time of conversion.
Key Highlights
- Amber Enterprises India Ltd is raising Rs. 550 Crores through IL JIN Electronics (India) Private Limited.
- IL JIN Electronics (India) Private Limited will issue 8,45,092 Compulsorily Convertible Preference Shares (CCPS) to the investors.
- The funds raised will be used for organic and inorganic growth of the electronics segment of the Company.
- CCPS conversion will happen at mutually agreed price between the parties at the time of conversion.
- ILJIN is a material subsidiary of Amber Enterprises India Ltd.