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IL JIN Electronics (India) hikes stake in its subsidiary - Ascent
03-Jul-2026, 07:19
IL JIN Electronics (India) (IL JIN), a material subsidiary of Amber Enterprises India, has acquired an additional 1.00% equity stake in Ascent Circuits (Ascent), a subsidiary of IL JIN and a step-down subsidiary of the Company on 3 July 2026, for a purchase consideration of approximately Rs. 8 crore. Consequent to the aforesaid acquisition, IL JIN's shareholding in Ascent has increased from 97.50% to 98.50%.
IL JIN Electronics (India) (IL JIN), a material subsidiary of Amber Enterprises India, has acquired an additional 1.00% equity stake in Ascent Circuits (Ascent), a subsidiary of IL JIN and a step-down subsidiary of the Company on 3 July 2026, for a purchase consideration of approximately Rs. 8 crore. Consequent to the aforesaid acquisition, IL JIN's shareholding in Ascent has increased from 97.50% to 98.50%.