Amber Enterprises Subsidiary Acquires 16.60% Stake in MoMagic Wireless
Amber Enterprises India Limited announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has completed the first tranche of its acquisition of a stake in MoMagic Wireless Private Limited. The acquisition, finalized on April 3, 2026, involves a 16.60% equity stake in MoMagic.The total consideration for this acquisition amounted to Rs. 19,99,99,981.12. This follows a previous intimation dated February 14, 2026, regarding the transaction.
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