NSE: AMBER · 23 October 2026
- Amber Enterprises India Ltd (AMBER) moved lower by 2.84% on October 23, 2026, closing at ₹6004.50 after moving between a day's low of ₹5911.50 and a high of ₹6225.50.
- IL JIN Electronics (India) Limited, a material subsidiary of Amber Enterprises, entered into a Share Swap Agreement to acquire the remaining 40% equity stake in Power-One Micro Systems Private Limited by issuing 1,76,000 Compulsorily Convertible Preference Shares (CCPS A3) as non-cash consideration. Upon completion, Power-One will become a wholly-owned subsidiary of IL JIN and Amber Enterprises. Power-One reported a turnover of ₹27,001.50 lakhs for the financial year 2025-2026.
- Trading volume was 1.92 times the 20-day average daily volume.
Why is Amber Enterprises (I) share price falling on 23 October 2026?
Amber Enterprises India Ltd (AMBER) moved lower by 2.84% on October 23, 2026, closing at ₹6004.50 after moving between a day's low of ₹5911.50 and a high of ₹6225.50.
The broader market and sector benchmarks also registered negative momentum during the session, with the Nifty down 0.39% and the Nifty Auto sector index falling by 0.60%. Amber's pullback fits into a broader recent correction, with the stock posting a 5-day return of -10.25% and a 20-day return of -15.00%, trading closer to its 52-week low of ₹5400.50 rather than its high of ₹8974.00.
While the company recently announced corporate developments such as its material subsidiary IL JIN Electronics entering into share swap agreements to acquire remaining minority stakes in Power-One Micro Systems and Ascent Circuits to make them wholly-owned subsidiaries, these strategic transactions serve as background context rather than direct immediate triggers for today's price drop.
2.55 lakh shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.33 lakh shares (1.92 times). The five-day average daily volume was 1.03 lakh shares. Separately, the NSE report for 23 October 2026 showed 89,532 shares delivered, representing 35.10% of that day’s traded volume. The same report recorded 43,831 trades.
The 2.84% decline reflects ongoing downward price momentum following recent negative multi-day returns (-10.25% over 5 days and -15.00% over 20 days), accompanied by above-average trading volume. No single operational event on the trading day directly caused the move.
Latest Company Developments
IL JIN Electronics (India) Limited, a material subsidiary of Amber Enterprises, entered into a Share Swap Agreement to acquire the remaining 40% equity stake in Power-One Micro Systems Private Limited by issuing 1,76,000 Compulsorily Convertible Preference Shares (CCPS A3) as non-cash consideration. Upon completion, Power-One will become a wholly-owned subsidiary of IL JIN and Amber Enterprises. Power-One reported a turnover of ₹27,001.50 lakhs for the financial year 2025-2026.
Consolidates complete ownership and control of a renewable energy and power electronics step-down subsidiary through a cash-efficient share swap arrangement.
IL JIN Electronics also executed a Share Swap Agreement to acquire the final 1.50% equity stake in Ascent Circuits Private Limited from Ms. Manju Thomas by issuing 13,120 Compulsorily Convertible Preference Shares (CCPS A2). Following this transaction, Ascent Circuits, a manufacturer of printed circuit boards with a FY2025-2026 turnover of ₹40,187 lakhs, will become a wholly-owned subsidiary.
Streamlines the group's manufacturing footprint in advanced electronics and printed circuit boards by securing 100% equity ownership.
The company received an order dated September 25, 2026, passed by the National Company Law Tribunal (NCLT) in connection with the Scheme of Amalgamation of AmberPR Technoplast India Private Limited with and into Amber Enterprises India Limited. The intimation regarding the order was officially communicated to the stock exchanges.
Advances the internal corporate restructuring aimed at integrating subsidiary operations into the parent entity.
30 of SEBI LODR Regulations, we wish to update the exchange on the Scheme of Amalgamation of AmberPR Technoplast India Private Limited with and into the Company. In context of hearing held on 25th September 2026, the Company has received an order dated 25th September 2026 received on 1st October 2026, passed by Hon'ble National Company Law Tribunal, in CP(CAA) No. 18/Chd/Pb/2026 connected with CA(CAA) No. 11/Chd/Pb/2026.
30 of SEBI LODR Regulations, we wish to inform the exchange that, IL JIN Electronics (India) Limited, a material subsidiary of the Company has entered into a Share Swap Agreement on 18th October 2026, in terms of the said agreement IL JIN shall acquire 1,75,680 equity share of Power-One Micro Systems Private Limited, representing its balance 40% equity stake on fully dilutive basis, from existing equity shareholders of Power-one and shall issue and allot 1,76,000 Compulsorily Convertible Preference Share (CCPS A3) to the sellers as non-cash consideration. Upon completion of the aforesaid transaction, Power-One shall become wholly owned subsidiary of IL JIN and the Company.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 20.93% on 30 September 2026. This compares with 22.42% on 30 June 2026, a change of -1.49 percentage points.
The filing reported 37 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Execution timeline of the share swap acquisitions for Power-One Micro Systems and Ascent Circuits
- Financial performance and upcoming quarterly results for the quarter ended September 30, 2026
- Delivery volume trends and stability near key technical support levels
- Progress on insurance claim recovery processes regarding the IL JIN factory unit fire incident
Other Dated Coverage
- Amber Enterprises (I) Share Price Today: Why AMBER Is Falling 2.52% | 22 October 2026 — 22 October 2026
- Amber Enterprises (I) Share Price Today: Why AMBER Is Falling 1.58% | 19 October 2026 — 19 October 2026
- Amber Enterprises (I) Share Price Today: Why AMBER Is Rising 2.05% | 14 October 2026 — 14 October 2026
More Amber Enterprises (I) news and dated analysis →
Frequently Asked Questions
What is the latest Amber Enterprises (I) company news?
IL JIN Electronics (India) Limited, a material subsidiary of Amber Enterprises, entered into a Share Swap Agreement to acquire the remaining 40% equity stake in Power-One Micro Systems Private Limited by issuing 1,76,000 Compulsorily Convertible Preference Shares (CCPS A3) as non-cash consideration. Upon completion, Power-One will become a wholly-owned subsidiary of IL JIN and Amber Enterprises. Power-One reported a turnover of ₹27,001.50 lakhs for the financial year 2025-2026.
How strong was Amber Enterprises (I)’s trading volume?
2.55 lakh shares traded, 1.92 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.