Amber Enterprises India Ltd's subsidiary inks SPAs to increase stake in Ascent Circuits Pvt Ltd

Share Purchase Agreements ("SPAs") have been executed on 18th June 2026 amongst IL JIN Electronics (India) Private Limited ("IL JIN"), a material subsidiary of Amber Enterprises India Limited ("the Company" / "Amber"), Ascent Circuits Private Limited ("Ascent"), a subsidiary of IL JIN and a step-down subsidiary of the Company, Mr. Manjunath Punyamurthy and other shareholders of Ascent (collectively referred to as the "Parties").

Pursuant to the execution of the SPAs, IL JIN proposed to acquire an additional 38.50% equity stake in Ascent in one or more tranches, resulting in an increase in its shareholding from 60% to 98.50%.

Consequently, IL JIN will attain near-complete ownership and effective control over Ascent, which is expected to enable closer operational alignment, streamlined governance, and enhanced synergies across its subsidiaries.

Ascent Circuits Private Limited ("Ascent"), is a company incorporated under the provisions of the Companies Act 1956, on 01st February 1999, having its Registered Office at B-13, I.T.I. Industrial Estate, Mahadevpur, Bangalore, Karnataka, India - 560048.

It is engaged in the business of Manufacturing of Printed Circuit Boards (PCBs), specializing in single-sided, doublesided, multi-layer, RF, flexible, and specialty PCBs for diverse electronics applications.

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 7955.05 as compared to the previous close of Rs. 7865.20. The total number of shares traded during the day was 20562 in over 3213 trades.

The stock hit an intraday high of Rs. 8069.75 and intraday low of 7863.95. The net turnover during the day was Rs. 164427364.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndia INE371P01015 ConsumerElectronics ILJINElectronics SPAs AscentCircuits