Investment21 Apr 2026, 07:31 pm
Amber Invests ₹296.02 Cr in IL JIN Rights Issue, Increases Stake
AI Summary
Amber Enterprises India Ltd has completed its subscription to the rights issue of its material subsidiary, IL JIN Electronics (India) Private Limited, investing ₹296.02 Crore. This investment resulted in Amber acquiring an additional 12,46,430 equity shares in IL JIN. Post-allotment, Amber's shareholding in IL JIN increased from 48,51,810 to 60,98,240 equity shares. The allotment process was completed on April 21, 2026.
Key Highlights
- Amber invested ₹296.02 Crore in IL JIN's rights issue.
- Acquired 12,46,430 additional equity shares in IL JIN.
- Increased stake in material subsidiary IL JIN.
- Post-allotment shareholding in IL JIN is 60,98,240 shares.
- Rights issue allotment completed on April 21, 2026.