Amber Enterprises India has amended its investment agreements with IL JIN Electronics and a consortium of investors. While the total investment and number of shares remain unchanged, the inter-se allocation of equity shares and CCPS A1 amongst the investors has been revised. The original agreement aimed to raise ₹1100 Crore to support organic and inorganic growth initiatives within IL JIN’s electronics segment.
Revised Investment Structure for IL JIN
Amber Enterprises India has executed amendment agreements to its definitive transaction agreements concerning its material subsidiary, IL JIN Electronics (India) Private Limited. These revisions involve existing investors, including Raptor Investments Limited, Two Infinity Partners, and Chryscapital Fund X.
Key Terms of the Amended Agreements
The core change involves a re-allocation of Equity Shares and Compulsorily Convertible Preference Shares A1 (CCPS A1) amongst the participating investors. While the aggregate number of shares and the total subscription amount of ₹1100 Crore remain the same, the individual holdings have been adjusted. All other provisions of the Securities Subscription Agreement (SSA) and Shareholders’ Agreement (SHA) remain unchanged and in full effect.
Details of Revised Allocation
The amendment adjusts the distribution of 38,414 Equity Shares and 16,51,768 CCPS A1. The following table details the changes in allocation:
Before Amendment:
Raptor Investments Limited: 30,877 Equity Shares and 13,27,691 CCPS
Two Infinity Partners: 2,202 Equity Shares and 94,664 CCPS
ChrysCapital Fund X: 5,335 Equity Shares and 2,29,413 CCPS
Total: 38,414 Equity Shares and 16,51,768 CCPS
After Amendment:
Raptor Investments Limited: 30,682 Equity Shares and 13,19,317 CCPS
Two Infinity Partners: 2,125 Equity Shares and 91,351 CCPS
ChrysCapital Fund X: 5,607 Equity Shares and 2,41,100 CCPS
Total: 38,414 Equity Shares and 16,51,768 CCPS
Source: BSE
