Amber subsidiary acquires ILJIN Holding to fund Unitronics acquisition

IL JIN Electronics (India) Private Limited (ILJIN), a material subsidiary of Amber Enterprises India Limited, announced the acquisition of 100% equity stake in ILJIN Holding Ltd on October 6, 2025. ILJIN Holding, incorporated in Israel on September 7, 2025, became a wholly-owned subsidiary of ILJIN and a step-down wholly-owned subsidiary of Amber Enterprises India Limited.

This acquisition is a crucial step towards financing ILJIN's strategic acquisition of Unitronics (1989) (R”G) Ltd., for which definitive agreements were made on July 27, 2025, for an aggregate purchase price of NIS 156,082,400.3. To facilitate the Unitronics acquisition and cover operating expenses for ILJIN Holding, ILJIN infused NIS 15,79,23,158.74 into ILJIN Holding through an investment for ordinary shares and an unsecured loan.

The transaction is categorized as a related party transaction, as Jasbir Singh, executive chairman and chief executive of Amber Enterprises India Limited, and Sudhir Goyal, chief financial officer, also serve as directors in ILJIN and ILJIN Holding Ltd. The acquisition aims to expand into industrial applications, leveraging backward integration capabilities for localized manufacturing, and accessing global markets like the US and Europe.