AMBERAmber Enterprises India Ltd
Amber Enterprises' IL JIN Swaps Shares to Buy Remaining 40% of Power-One Micro Systems
- Mergers & acquisitions
- Electronics Manufacturing
Amber Enterprises India Limited has told the exchanges that IL JIN Electronics (India) Limited, its material subsidiary, signed a share swap agreement on 18 Oct 2026 with Mr. Ramanna Rajesh Mayasandra, Mr. Harsha Venkatesh, Dwaith Advisory Private Limited and Mrs. Doddabidere Honappa Veena, and with Power-One Micro Systems Private Limited, a step-down subsidiary. IL JIN will buy 1,75,680 equity shares of Power-One, the balance 40% on a fully diluted basis, and will then hold 100%, making Power-One a wholly owned subsidiary.
The consideration is non-cash. IL JIN will issue and allot 1,76,000 compulsorily convertible preference shares (CCPS A3) of face value ₹10 each at an issue price of ₹10,000 each, including a premium of ₹9,990, to the four sellers, which values the swap at about ₹176 crore (derived). IL JIN now holds 60% of Power-One.
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