IL JIN Electronics Increases Stake in Ascent Circuits Following Acquisition
Amber Enterprises India Limited, through its material subsidiary IL JIN Electronics (India) Private Limited, has significantly increased its ownership stake in Ascent Circuits Private Limited. The move solidifies the control held by IL JIN over the technology company, which is a subsidiary of IL JIN and a step-down subsidiary of Amber.The transaction involved IL JIN purchasing an additional 37.50% equity stake in Ascent Circuits Private Limited on June 19, 2026. The total purchase consideration for this acquisition amounted to approximately Rs. 328 Crore.
Prior to the latest transaction, IL JIN held a 60% shareholding in Ascent Circuits Private Limited. Following the additional acquisition, IL JIN’s stake in Ascent has now increased to 97.50%.
AMBER Stock Price Movement
Today, shares of Amber Enterprises shed value, settling at ₹7,889 after dropping 1.20% in post-market trading. The stock saw a traded volume of 1.75 million shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.