Amber Enterprises Subsidiary Ascent Circuits Acquisition

Amber Enterprises India Limited's material subsidiary, IL JIN Electronics (India) Private Limited, has executed Share Purchase Agreements (SPAs) to acquire an additional 38.50% equity stake in Ascent Circuits Private Limited. This acquisition, valued at ₹336.75 Crore, will increase IL JIN's shareholding in Ascent from 60% to 98.50%, granting it near-complete ownership and control. The move is strategic, aiming to enhance operational alignment, streamline governance, and achieve greater synergies across Amber's subsidiaries. The transaction has been conducted at an arm's length basis and is considered a related party transaction.