Amber Enterprises India Limited is powering up its electronics play! Its material subsidiary, IL JIN Electronics (India) Private Limited, has completed the acquisition of an 80% stake in Shogini Technoarts Pvt Ltd for approximately ₹506 crore. Announced initially on November 14, 2025, this all-cash deal positions Shogini as a subsidiary of IL JIN and a step-down subsidiary of Amber.
Transaction Essentials
- Stake and Valuation: 80% equity share capital acquired, making Shogini a controlled entity.
- Consideration: Total purchase price of ~₹506 crore, paid in cash.
- Timeline: Closed on December 1, 2025, following regulatory nods.
- No Ownership Overlap: Not a related-party transaction; executed at arm’s length.
Shogini’s Profile
Shogini specializes in advanced electronics manufacturing, including PCB assemblies for consumer durables and automotive sectors. This acquisition complements Amber’s focus on air conditioners, components, and mobility solutions, enhancing its supply chain and tech capabilities.
Strategic Wins for Amber
- Synergies: Bolsters IL JIN’s electronics portfolio, driving innovation in high-growth areas like EVs and smart appliances.
- Market Edge: Amber, a leader in OEM/ODM for ACs, gains deeper integration in components—potentially boosting margins and export potential.
- Growth Outlook: Amid India’s electronics boom (PLI schemes, etc.), this could accelerate Amber’s revenue trajectory.
Amber’s stock (NSE: AMBER) might rally on this inorganic expansion. Detailed disclosures from November 14 are on the company’s website.
