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The latest announcement is out from Amber Enterprises India Ltd. ( (IN:AMBER) ).
Amber Enterprises India Ltd. has executed definitive transaction agreements with its material subsidiary, ILJIN Electronics (India) Private Limited, and other parties, including investors. These agreements involve the issuance of 153,653 Compulsorily Convertible Preference Shares (CCPS) by ILJIN to raise Rs. 100 crore for the growth of its electronics segment. This transaction will result in a reduced shareholding percentage for Amber in ILJIN, impacting the company’s subsidiary structure and potentially altering its market positioning.
More about Amber Enterprises India Ltd.
Amber Enterprises India Ltd. operates in the electronics industry, focusing on the manufacturing and distribution of electronic components and products. The company is involved in both organic and inorganic growth strategies to expand its market presence.
Average Trading Volume: 15,267
Technical Sentiment Signal: Buy
Current Market Cap: 264B INR
For an in-depth examination of AMBER stock, go to TipRanks’ Overview page.