Amber's IL JIN acquires additional 37.5% stake in Ascent for ₹328 Cr

Amber Enterprises India Ltd's material subsidiary, IL JIN Electronics (India) Private Limited, has acquired an additional 37.50% equity stake in Ascent Circuits Private Limited. Ascent is a subsidiary of IL JIN and a step-down subsidiary of Amber. The acquisition, completed on June 19, 2026, involved a total purchase consideration of approximately ₹328 Crore. Consequently, IL JIN's shareholding in Ascent has increased significantly from 60% to 97.50%, strengthening Amber's control over its step-down subsidiary.