US EditionAmber Enterprises' Unit Buys Majority Stake In PCB Maker For Rs 311 Crore
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Amber Enterprises' Unit Buys Majority Stake In PCB Maker For Rs 311 Crore
Amber Enterprises India Ltd., through its subsidiary, has acquired a 60% stake in printed circuit board-maker Ascent Circuits Pvt. for Rs 311 crore.Following the acquisition, Ascent has become subsidiary of IL JIN Electronics (India) Pvt and a step down subsidiary of Amber Enterprises, according to an exchange filing. Hosur, Tamil Nadu-based Ascent is involved in manufacturing of high-quality PCBs ranging from single-sided, double-sided, multi-l…
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