Amber Enterprises India Limited announced its approval to inject approximately Rs. 296.02 Crore into its material subsidiary, IL JIN Electronics (India) Private Limited. This investment will be made through subscription to IL JIN’s Rights Issue, aiming to support the subsidiary’s strategic initiatives. The move slightly increases Amber’s controlling stake from 89.58% to 89.72%. The process is expected to conclude by April 30, 2026.
Strategic Capital Infusion into IL JIN Electronics
Amber Enterprises India Limited has formalized its decision to subscribe to the Rights Issue of its material subsidiary, IL JIN Electronics (India) Private Limited (IL JIN). The Board has approved an additional investment totaling approximately Rs. 296.02 Crore via cash consideration, utilizing normal banking channels.
This capital infusion is intended to support IL JIN’s strategic initiatives. IL JIN is a key provider of high-precision Electronics Manufacturing Services (EMS), catering to demanding sectors including automotive, telecom, healthcare, and aerospace.
Shareholding Change Details
The acquisition, being a subscription to the Rights Issue of an existing material subsidiary, results in a marginal increase in Amber’s ownership stake:
- Pre Rights Issue Offer Shareholding: 89.58%
- Post Rights Issue Offer Shareholding: 89.72%
The total Cost of Acquisition is pegged at approximately Rs. 296.02 Crore. The entire Rights Issue process, including the final allotment of shares, is anticipated to be completed on or before April 30, 2026.
IL JIN Operational and Financial Snapshot
IL JIN Electronics, incorporated in 2001, specializes in end-to-end EMS solutions, including product design, PCB fabrication, assembly, and power electronics.
The company’s recent turnover figures (in Lakhs) demonstrate consistent growth:
| Financial Year | Turnover (Rs. in Lakh) |
|---|---|
| 2024-2025 | 1,46,001.15 |
| 2023-2024 | 91,336.67 |
| 2022-2023 | 88,039.40 |
Furthermore, although certain promoters of Amber serve as Directors on IL JIN’s Board, the nature of this acquisition (Rights Issue subscription) means it does not qualify as a Related Party Transaction under applicable guidelines.
Source: BSE
