Amber Enterprises Share Price Surges as Subsidiary IL JIN Executed SPA to Acquire Additional Stake in Ascent Circuits

Amber Enterprises India Limited has announced that its material subsidiary, IL JIN Electronics (India) Private Limited, has executed Share Purchase Agreements (SPA) to acquire an additional 38.50% equity stake in Ascent Circuits Private Limited.  

This acquisition will increase IL JIN's shareholding in Ascent from 60% to 98.50%, enhancing operational control and alignment. 

Details of the Share Purchase Agreements 

The Share Purchase Agreements were executed on June 18, 2026, involving IL JIN Electronics, Ascent Circuits, and existing shareholders, including Mr. Manjunath Punyamurthy and family members. The acquisition is valued at ₹336.75 crore and aims to strengthen IL JIN's position in the electronics sector. 

Purpose and Strategic Alignment 

The acquisition aligns with IL JIN's strategic objectives to enhance operational synergies and streamline governance across its subsidiaries. By increasing its stake in Ascent Circuits, IL JIN aims to achieve near-complete ownership and effective control, facilitating closer operational alignment. 

Financial and Shareholding Details 

Prior to this acquisition, IL JIN held a 60% equity stake in Ascent Circuits. The additional 38.50% stake acquisition will be completed in one or more tranches, bringing IL JIN's total shareholding to 98.50%. The transaction is a related party transaction and has been conducted at arm's length. 

Read More: Man Industries Share Price Gains Over 3% After Securing Orders Worth ₹1,000 Crore! 

Background of Ascent Circuits 

Ascent Circuits Private Limited, incorporated on February 1, 1999, is engaged in manufacturing printed circuit boards (PCBs) for diverse electronics applications. The company reported a turnover of ₹40,187 lakh for the financial year 2025-2026, reflecting its robust presence in the electronics manufacturing industry. 

Amber Enterprises India Share Price Performance 

As of June 18, 2026, at 3:13 PM, Amber Enterprises India share price on NSE was trading at ₹7,965.50, up by 1.29% from the previous closing price. 

Conclusion 

Amber Enterprises' subsidiary IL JIN's acquisition of an additional 38.50% stake in Ascent Circuits for ₹336.75 crore increases its ownership to 98.50%. This move aligns with IL JIN's strategic goals to enhance operational synergies and control within the electronics sector. 

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