Amber Enterprises Subsidiary Acquires 16.60% Stake in MoMagic for ₹19.99 Crore
IL JIN Electronics (India) Private Limited, a subsidiary of Amber Enterprises India Limited, acquired a 16.60% stake in MoMagic Wireless Private Limited on 3rd April 2026. The acquisition was completed for ₹19.99 crore through subscription to fresh equity shares.
The acquisition is a significant step for the subsidiary, involving a substantial financial consideration, which could have a medium-term impact on the company's overall growth and market position.
The acquisition represents a strategic move for the company's subsidiary, indicating expansion and growth, which is generally viewed positively.
Amber Enterprises India Limited (AMBER) has announced that its material subsidiary, IL JIN Electronics (India) Private Limited (IL JIN), has successfully completed the first tranche of its acquisition in MoMagic Wireless Private Limited (MoMagic).
IL JIN has acquired a 16.60% equity stake in MoMagic by subscribing to a fresh issue of equity shares allotted by MoMagic. This acquisition was completed on 3rd April 2026 for a total consideration of ₹19,99,99,981.12 (Nineteen Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred Eighty-One and Twelve Paise).
This update is in continuation of the company's earlier intimation dated 14th February 2026 and is disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also submitted the required disclosures as Annexure – A and Annexure – B. This intimation will be available on the company's website.
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Amber Enterprises India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Amber Enterprises India Limited. Read the original for the full detail.