Amber Group Arm ILJIN Electronics To Raise Rs 1,200 Crore From Private Equity Investors

Amber Enterprises India Ltd. arm ILJIN Electronics (India) Pvt. will secure investments worth Rs 1,200 crore from four private equity firms to fund organic and inorganic growth of the electronics segment of the company. Raptor Investments Ltd., Two Infinity Partners, InCred Group and Chryscapital signed definitive agreements with Amber, ILJIN Electronics and Hyun Chul Sim, according to a stock exchange filing on Sunday. Under the terms of deal, ILJIN has agreed to allot equity shares and compulsorily convertible preference shares to the investors. CCPS conversion will happen at mutually agreed price between the parties at the time of conversion, the filing said.