Amber Enterprises Subsidiary Acquires Remaining 40% Stake in Power-One

Amber Enterprises India Ltd's material subsidiary, IL JIN Electronics (India) Limited, has entered into a Share Swap Agreement to acquire the remaining 40% equity stake in Power-One Micro Systems Private Limited. The acquisition will be completed through the issuance of 1,76,000 Compulsorily Convertible Preference Shares (CCPS A3) by IL JIN to the sellers. Upon completion, Power-One will become a wholly-owned subsidiary of IL JIN and consequently, of Amber Enterprises India Ltd. The transaction is structured as a share swap, with IL JIN currently holding 60% of Power-One's shares.