Amber secures INR 550 crore investment for ILJIN Electronics' growth

Amber Enterprises India Limited has announced the execution of definitive transaction agreements with its material subsidiary, ILJIN Electronics (India) Private Limited, and other investors. These agreements, including shareholders' agreement(s) and securities subscription agreement(s), aim to raise INR 550 crore for ILJIN's organic and inorganic growth within the electronics segment.

Under the terms of these agreements, investors will subscribe to 845,092 compulsorily convertible preference shares (CCPS) of ILJIN. As a result of this proposed issuance, Amber's shareholding percentage in ILJIN will be reduced from its current 90.22% of the total paid-up equity share capital. The CCPS conversion will occur at a mutually agreed price between the parties at the time of conversion.

The investors are independent third parties and are not related to Amber's promoter, promoter group, or group companies. Disclosures regarding the transaction's impact on shareholding and subsidiary structure will be provided separately in due course.