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 back the expected timeline for full integration and potential operational synergies for Amber.

Investors should note this extended period before the full benefits of the MoMagic acquisition are realized.