# Amber Enterprises acquires 60% stake in Ascent Circuits

Amber Enterprises India Ltd, through its subsidiary ILJIN Electronics, finalized a definitive agreement to acquire a 60% stake in Ascent Circuits Pvt Ltd, a PCB manufacturer based in South India. The deal value was not disclosed.

- Type: Acquisition
- Announced: 2024-01-03
- Where: South India, India
- Status: announced
- Products: printed circuit boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Amber Enterprises India](https://endata.com/companies/38150.md) (acquirer)
- [Ascent Circuits](https://endata.com/companies/74768.md) (target)
- [ILJIN Electronics](https://endata.com/companies/74769.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/amber-enterprises-acquires-60-stake-in-ascent-circuits/article67701581.ece), 2024-01-03: "Amber Enterprises India Ltd’s shares were up 0.34 per cent after the company finalised definitive agreements to acquire a majority stake of 60 per cent in Ascent Circuits pvt Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.