Amber Enterprises India Limited has announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has successfully finalized the first tranche of its acquisition. By subscribing to a fresh issue of equity shares, the company has secured a 16.60% equity stake in MoMagic Wireless Private Limited. The transaction was completed on April 3, 2026, for a total consideration of Rs. 19,99,99,981.12.
Strategic Investment in MoMagic
Amber Enterprises continues its strategic expansion efforts through its subsidiary, IL JIN Electronics (India) Private Limited. The company has officially confirmed the completion of the first tranche of its investment in MoMagic Wireless Private Limited. This acquisition was executed via a fresh issue of equity shares, solidifying a 16.60% stake for IL JIN Electronics in the business.
Transaction Details
The deal was formally concluded on April 3, 2026. The total consideration paid for this equity stake amounts to Rs. 19,99,99,981.12 (approximately Rs. 20 crore). This acquisition is part of a broader corporate strategy to enhance operational synergies and expand the company’s footprint in the technology and electronics space. All necessary disclosures regarding this transaction were previously filed to ensure transparency and compliance with market standards.
Source: BSE
