Amber Enterprises Extends MoMagic Investment Deadline To November 30
Mumbai: Amber Enterprises India Ltd on Wednesday announced an extension for the completion of the second tranche of investment in MoMagic Wireless Private Limited. The new deadline for this transaction is 30 November 2026. Previous Deadline The second tranche of investment was initially scheduled to be completed by 30 September 2026. The extension was mutually agreed upon by the parties involved…
Amber Enterprises India Ltd has extended the deadline for completing the second tranche of investment in MoMagic Wireless Private Limited to November 30, 2026. This is a significant shift from the previously announced deadline of September 30, 2026. The extension was reached through mutual agreement between the parties involved in the Definitive Transaction Agreements.
IL JIN Electronics, a subsidiary of Amber Enterprises, is set to acquire a larger equity stake in MoMagic Wireless through this investment. This marks IL JIN's second investment in the company. Amber Enterprises has previously disclosed this transaction on multiple occasions, with updates provided as required by SEBI LODR Regulations.
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