IL JIN Electronics India Pvt Ltd to issue 8,45,092 CCPS

Amber Enterprises India Limited ('Amber'/'the Company') has executed the Shareholders' Agreement(s) ('SHA(s)') and Securities Subscription Agreement(s) ('SSA(s)') and other relevant documents (hereinafter collectively referred to as 'Definitive Transaction Agreements') with IL JIN Electronics (India) Private Limited ('ILJIN'), a material subsidiary of the Company and other investors (hereinafter collectively referred to as 'Investors') on 25 September 2025.

Under the terms of the Definitive Transaction Agreements, Investors have agreed to subscribe to, and ILJIN has agreed to offer, issue, and allot 8,45,092 Compulsorily Convertible Preference Shares (CCPS) worth Rs. 550 Crore, subject to the terms and conditions set forth in the Definitive Transaction Agreements.

Pursuant to the execution of the Definitive Transaction Agreements and the proposed issuance of Compulsorily Convertible Preference Shares (CCPS) by ILJIN to the Investors the shareholding percentage of the Company in ILJIN shall be reduced.

Disclosure regarding the impact of the transaction, including changes in shareholding and subsidiary structure, shall be provided separately in due course, post conversion of CCPS and CCPS conversion will happen at mutually agreed price between the parties at the time of conversion.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 8440.05 as compared to the previous close of Rs. 8408.55. The total number of shares traded during the day was 122332 in over 2572 trades.

The stock hit an intraday high of Rs. 8498.00 and intraday low of 8307.50. The net turnover during the day was Rs. 1036412862.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ConsumerElectronics ILJINElectronicsIndia Investment CCPS Investors