Acquisitions28 Jul 2025, 10:15 am
Amber Enterprises India Ltd's Subsidiary ILJIN to Acquire 40.24% Stake in Unitronics for NIS 156,082,400.3
AI Summary
Amber Enterprises India Ltd's subsidiary, ILJIN Electronics (India) Private Limited, has entered into a Share Purchase Agreement and Shareholders’ Agreement with the controlling shareholders of Unitronics (1989) (R
Key Highlights
- ILJIN to acquire approximately 40.24% of Unitronics' issued and outstanding share capital for NIS 156,082,400.3
- Unitronics offers a wide range of industrial automation products
- Acquisition expected to enhance Amber Enterprises' competitiveness in the Indian market and provide access to global markets
- Unitronics to become a subsidiary of ILJIN following the acquisition