Subsidiary6 Jun 2026, 11:21 pm
Amber Enterprises Subsidiary Forms New JV for Electronics Business
AI Summary
Amber Enterprises India Ltd's material subsidiary, IL JIN Electronics (India) Private Limited, has entered into a strategic collaboration with Singularity Des Electronics Private Limited to incorporate a new Indian company, ILJIN Technologies Private Limited. This new entity will focus on the electronics business in the medical, defence, and aerospace sectors. IL JIN will hold a 60% stake in ILJIN Technologies, making it a step-down subsidiary of Amber Enterprises. The initial investment by IL JIN is Rs. 60 Lakhs and by Singularity is Rs. 40 Lakhs.
Key Highlights
- Amber's subsidiary forms new JV, ILJIN Technologies.
- Focus on high-value medical, defence, and aerospace electronics.
- IL JIN holds 60% stake, making it a step-down subsidiary.
- Initial investment of Rs. 1 Crore split between partners.