Amber Enterprises India has released a monitoring agency report regarding the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by CARE Ratings Limited, covers the quarter ended September 30, 2025. According to the report, ₹986 crore of the ₹1,000 crore raised has been utilized as per the disclosures in the offer document. No deviations from the stated objectives were observed.
QIP Proceeds Update
Amber Enterprises India announced the release of a monitoring agency report concerning the use of funds raised through its Qualified Institutions Placement (QIP). The report, prepared by CARE Ratings Limited, provides insights into how the company has deployed the capital raised. The reporting period is for Q2FY26, ending September 30, 2025.
Key Utilization Details
The CARE Ratings report indicates that Amber Enterprises has utilized ₹986 crore out of the total ₹1,000 crore raised through the QIP, aligning with the intended purposes outlined in the offer document.
- Repayment of Borrowings: Approximately ₹900 crore was allocated to repay existing company and subsidiary debts.
- General Corporate Purposes: ₹86 crore was deployed for general corporate activities, particularly towards working capital repayment.
Unutilized Funds
As of September 30, 2025, the company holds ₹14 crore in an escrow account. These funds are earmarked for future deployment in line with the original objectives of the QIP. The unutilized amount has been deployed in Escrow Account.
Source: BSE
