Amber Enterprises Strengthens Stake in Subsidiary Following Rs. 296.02 Crore Rights Issue Investment
Amber Enterprises India Ltd. announced the completion of the rights issue allotment by IL JIN Electronics (India) Private Limited, a material subsidiary of the company. The transaction saw Amber Enterprises significantly enhance its equity stake in IL JIN.The allotment, which was completed on April 21, 2026, enabled Amber Enterprises India Limited to subscribe to and be allotted 12,46,430 equity shares. This subscription represents an additional equity stake in IL JIN, resulting in an investment of Rs. 296.02 Crore.
The increased investment bolsters Amber Enterprises' holding in its subsidiary. The change in shareholding is detailed below:
| Metric | Shares Held (Prior to Allotment by IL JIN) | Shares Held (Post Allotment by IL JIN) |
|---|---|---|
| No. of Equity Shares | 48,51,810 | 60,98,240 |
The Company confirmed that the allotment process under the rights issue of IL JIN Electronics (India) Private Limited was duly completed on April 21, 2026.
AMBER Stock Price Movement
Today, Amber Enterprises India Limited shares slipped 1.72%, settling at ₹7858.5. The stock saw significant activity today with a total traded volume of 268,365 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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