 "Jasbir Singh, Amber Enterprises")
Amber Enterprises was in talks with private equity investors for stake sale in its subsidiary company ILJIN Electronics, while it may also look at public listing of the entity along with pre-IPO placements.
The monetisation strategy is being decided for the subsidiary as it expands its electronics components manufacturing facilities that will require significant investments.
The Gurugram-based group that has a large share in white label air conditioner manufacturing as well as offers electronics manufacturing services, is planning to invest ₹4,200 crore building printed circuit boards in Hosur, Tamil Nadu and Jewar, Uttar Pradesh under the electronics components manufacturing scheme
