Amber Enterprises Share Price in Focus After Strategic Stake Acquisition in Power-One

Market Performance: Amber Enterprises Share Price Movement

• Date of Focus: Monday, June 30
• Last Close: ₹6,858 per share
• Previous Session Movement: Up by 1.05%
• Year-to-Date Performance: Down by 10.6%

Amber Enterprises' share price has come into focus following a key acquisition move by its group subsidiary. The counter showed slight positive momentum despite broader market volatility.

Main News: Strategic Stake Acquisition in Power-One Micro Systems

Amber Group's material subsidiary, IL JIN Electronics India Pvt. Ltd., has announced the acquisition of a majority stake in Power-One Micro Systems Pvt. Ltd., a Bengaluru-based company.

• Transaction Date: June 28 (Saturday)
• Stake Type: Majority
• Deal Type: Cash transaction
• Amount Disclosed: Not revealed

This move marks Amber's strategic entry into the Battery Energy Storage Systems (BESS) and EV charging segments.

Company Details: Power-One Micro Systems & Amber's Vision

Power-One Micro Systems Pvt. Ltd. provides integrated solutions across:

• Battery Energy Storage Systems (BESS)
• Solar inverters
• EV chargers
• Uninterruptible Power Supply (UPS) systems

Key Highlights:

• Products Sold: Over 7 lakh units
• Key Client Segments:
  • Industrial
  • Residential
  • Data Centres
  • Defense
  • Railways
  • Airports
  • Heavy Engineering

Amber Enterprises believes that its subsidiary IL JIN's strengths in:

• Electronic manufacturing services (EMS)
• R&D capabilities
• Pan-India manufacturing network

…will drive innovation and scalability for Power-One.

The company stated that this acquisition will drive product innovation and broaden its presence in the fast-growing clean energy technology sector.

Strategic Outlook and Business Synergy

This partnership aligns with Amber Enterprises' goal to strengthen its electronic division in the following areas:

• Battery Energy Storage Systems (BESS)
• EV Chargers
• UPS systems
• Solar Inverters (On-grid, Off-grid, Hybrid)

Statements from Leadership:

• Amber Group CEO Jasbir Singh stated that the acquisition would provide a strong foothold in the growing clean energy technology markets.
• Power-One Promoters Rajesh and Harsha emphasized that the collaboration would accelerate growth and create long-term value.

Summary of the Article

The Amber Enterprises share price saw a marginal rise on June 30, following the announcement of a strategic acquisition by its subsidiary, IL JIN Electronics. The deal, finalized on June 28, sees IL JIN acquiring a majority stake in Power-One Micro Systems, a leading player in BESS, EV charging, and solar solutions.

With over 7 lakh units sold and clients spanning industries from defense to railways, Power-One offers Amber a powerful platform to expand its clean energy solutions. The move could shape the company's next phase of technological growth and business diversification.