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Amber to raise ₹1,200 crore for ILJIN Electronics from PE investors

ChrysCapital, Two Infinity, Raptor and InCred to invest in Amber Enterprises' subsidiary ILJIN Electronics through equity and CCPS to boost EMS and PCB manufacturing

Long-term capital gains (LTCG) tax on equity funds increased from 10 per cent to 12.5 per cent in the budget while short-term capital gains (STCG) tax increased from 15 to 20 per cent. “While the 33 per cent increase in STCG tax may seem high, it sho
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The funds raised will be used for organic and inorganic growth in the electronic manufacturing services segment of the company, the Gurugram-based group said in an exchange filing on BSE on Sunday.

Gulveen Aulakh New Delhi
Amber Enterprises will raise a total of ₹1,200 crore from private equity investors, including Chryscapital Fund, Two Infinity Partners, Raptor Investments and InCred Growth Partners Fund, through issuance of equity shares and compulsorily convertible preference shares in its subsidiary ILJIN Electronics. 
 
The funds raised will be used for organic and inorganic growth in the electronic manufacturing services segment of the company, the Gurugram-based group said in an exchange filing on BSE on Sunday.
 
Amber Enterprises has executed a shareholders’ agreement (SHA) and securities subscription agreement (SSA) or definitive transaction agreements with its