Acquisitions26 Sept 2025, 02:01 am
Motilal Oswal Financial Services Ltd Subsidiary to Acquire IL JIN Electronics for ~Rs. 110 Cr.
AI Summary
Motilal Oswal Financial Services Ltd's wholly-owned subsidiary has executed a definitive agreement to acquire 1,69,018 Compulsorily Convertible Preference Shares of IL JIN Electronics (India) Private Limited for a consideration of approximately Rs. 110 Crore. IL JIN, incorporated in India in 2001, is primarily engaged in the business of manufacturing, assembling, or dealing in the Printed Circuits Board Assemblies (PCBAs) and Printed Circuit Boards (PCBs) for various industries. The acquisition is not a related party transaction and is done at arm’s length. The acquisition is part of the treasury investment book with the objective of generating sustainable, long-term returns.
Key Highlights
- Motilal Oswal Financial Services Ltd's subsidiary to acquire IL JIN Electronics for ~Rs. 110 Cr.
- IL JIN is primarily engaged in the business of manufacturing, assembling, or dealing in the Printed Circuits Board Assemblies (PCBAs) and Printed Circuit Boards (PCBs) for various industries.
- The acquisition is not a related party transaction and is done at arm’s length.
- The acquisition is part of the treasury investment book with the objective of generating sustainable, long-term returns.
- IL JIN's turnover for FY 2025 was ~Rs. 1,460.01 Crore.