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Amber Enterprises India Ltd. ( (IN:AMBER) ) has issued an update.
Amber Enterprises India Ltd. has announced that its subsidiary, ILJIN Electronics, has entered into definitive agreements to acquire approximately 40.24% of Unitronics, an Israeli company specializing in industrial automation products. This acquisition will result in ILJIN and Mr. Haim Shani holding a controlling stake of approximately 45.13% in Unitronics, which will be classified as a subsidiary of ILJIN. This strategic move is expected to enhance Amber’s market positioning in the industrial automation sector and expand its global footprint.
More about Amber Enterprises India Ltd.
Amber Enterprises India Ltd. operates in the industrial automation sector through its material subsidiary, ILJIN Electronics (India) Private Limited. The company is involved in the design, development, manufacturing, marketing, sale, and support of various industrial automation products, including PLCs, HMIs, VFDs, and IIoT solutions.
Average Trading Volume: 14,959
Technical Sentiment Signal: Buy
Current Market Cap: 246.2B INR
For a thorough assessment of AMBER stock, go to TipRanks’ Stock Analysis page.