Amber Enterprises India Ltd., through its subsidiary, has acquired a 60% stake in printed circuit board-maker Ascent Circuits Pvt. for Rs 311 crore.
Following the acquisition, Ascent has become subsidiary of IL JIN Electronics (India) Pvt and a step down subsidiary of Amber Enterprises, according to an exchange filing.
Hosur, Tamil Nadu-based Ascent is involved in manufacturing of high-quality PCBs ranging from single-sided, double-sided, multi-layer, RF PCBs, flexible and specialty PCBs.
Amber designs and manufactures refrigeration and air conditioning products for indoor and outdoor units.
A PCB is an electronic assembly that uses copper conductors to create electrical connections between components. These are used in most electronic devices, like refrigerators and ACs.
