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Amber Enterprises India Ltd incorporated in 1956, has a 23.6% share in the total Room Air Conditioner marketand is a prominent solution provider for the Air conditioner OEM/ODM Industry in India.
Amber Enterprises has received 30.49 Cr bonus shares in its material subsidiary, IL JIN Electronics (India) Private Limited. This follows IL JIN's share split and subsequent bonus issue. While Amber's share count in IL JIN has increased, its ownership stake remains unchanged at 89.71% as shares were allotted proportionately. This...
Amber Enterprises India Ltd. is moving forward with the amalgamation of its wholly-owned subsidiary, AmberPR Technoplast India Private Limited, into the parent company. This strategic merger aims to simplify the corporate structure. The NCLT Chandigarh Bench has admitted the scheme and directed that notices be sent to various regulatory authorities,...
Amber Enterprises' subsidiary, IL JIN Electronics, has boosted its stake in step-down subsidiary Ascent Circuits Private Limited. IL JIN acquired an additional 1.00% equity in Ascent for Rs. 8 Crore, increasing its total ownership from 97.50% to 98.50%. This strategic move by Amber further consolidates its control and integration of...
Amber Enterprises' material subsidiary, IL JIN Electronics, has extended the deadline to complete its second tranche of equity stake acquisition in MoMagic Wireless Private Limited. The new completion date is now September 30, 2026, or a mutually agreed date. This update signifies a delay in finalizing this strategic acquisition, pushing...
Amber Enterprises' key subsidiary, IL JIN Electronics, has further strengthened its position in Ascent Circuits Private Limited by acquiring an additional 37.50% equity stake for approximately 328 Cr. This strategic move boosts IL JIN's total ownership in Ascent from 60% to a commanding 97.50%. The acquisition signifies a deeper integration,...