IL JIN Electronics (India) Ltd., a material subsidiary of Amber Enterprises India Ltd., has entered into a share-swap agreement to acquire the remaining 40% stake in Power-One Micro Systems Pvt. Ltd. The transaction covers 1,75,680 equity shares held by existing shareholders and is structured through the issue of compulsorily convertible preference shares rather than a cash payment.
After completion, Power-One Micro Systems is expected to become a wholly owned subsidiary of IL JIN and, consequently, a step-down wholly owned subsidiary of Amber Enterprises. The transaction consolidates ownership under the group, though investors should review the company’s disclosures for completion conditions and the expected operational impact.
