Acquisitions3 April 2026 at 01:21 pm
Amber Enterprises India Ltd Subsidiary Completes First Tranche of Acquisition for Rs. 19.99 Crore
AI Summary
Amber Enterprises India Ltd announced that its subsidiary, IL JIN Electronics (India) Private Limited, has successfully completed the first tranche of acquisition by subscribing to fresh issue of equity shares of MoMagic Wireless Private Limited. The acquisition was completed on 3rd April 2026, for a total consideration of Rs. 19,99,99,981.12. This acquisition has resulted in IL JIN holding 16.60% stake in MoMagic.
Key Highlights
- Amber Enterprises India Ltd's subsidiary, IL JIN Electronics (India) Private Limited, has completed the first tranche of acquisition.
- The acquisition was completed for a total consideration of Rs. 19,99,99,981.12.
- IL JIN has acquired 16.60% stake in MoMagic Wireless Private Limited.
- The acquisition was completed by subscribing to fresh issue of equity shares of MoMagic.
- The acquisition was completed on 3rd April 2026.