Acquisitions30 Jun 2026, 04:13 pm
Amber Enterprises Subsidiary Acquisition Timeline Extended to Sep 2026
AI Summary
Amber Enterprises India Ltd, through its material subsidiary IL JIN Electronics (India) Private Limited, has extended the timeline for the second tranche of its equity stake acquisition in MoMagic Wireless Private Limited. The acquisition completion is now slated for September 30, 2026, or a mutually agreed upon later date. This extension is in compliance with SEBI (LODR) Regulations, 2015. Further updates will be provided as applicable. The company has also confirmed that required disclosures have been submitted and will be available on their website.
Key Highlights
- Timeline for MoMagic acquisition's second tranche extended.
- Completion now targeted for September 30, 2026.
- Extension is between IL JIN Electronics and MoMagic.
- Disclosure made as per SEBI LODR Regulations.
Price Impact
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