AMBER

Explores Strategic Investment in Electronics Subsidiary

is pursuing a "pre-IPO placement" to monetize its electronics subsidiary, ILJIN Electronics. This move aims to secure significant investment for its expanding electronics component manufacturing facilities. The company plans to invest ₹4,200 crore to build printed circuit board (PCB) facilities in Hosur (Tamil Nadu) and Jewar (Uttar Pradesh) under the Electronics Components Manufacturing Scheme (ECMS). The Hosur plant's first phase of construction is underway and expected to be completed by March 2027. The Jewar facility is slated for completion by March 2028. To fund these ambitious projects, Amber Enterprises intends to raise ₹2,500 crore through a Qualified Institutional Placement (QIP), as approved at an annual general meeting. The company's monetization strategy for ILJIN Electronics involves exploring a potential stake sale to private equity investors. In addition to a private placement, Amber Enterprises is also considering a public listing (IPO) for the subsidiary. Management noted that this approach allows for an exit route for potential investors, similar to successful models the company has used in the past.