Timeline for Second Tranche of MoMagic Investment Extended to 30 November 2026
Amber's material subsidiary IL JIN Electronics has again extended the deadline for completing the second tranche of its investment in MoMagic Wireless.
- Investment Tranche
- Second tranche of investment in MoMagic Wireless Private Limited
- Subsidiary
- IL JIN Electronics (India) Limited
- Earlier Deadline
- on or before 30th September 2026
- Revised Deadline
- on or before 30th November 2026
- Previous Extension Notices
- 14th February 2026, 3rd April 2026 and 30th June 2026
What was shared
Amber Enterprises India Limited informed BSE and NSE that the timeline for completing the second tranche of investment in MoMagic Wireless Private Limited has been further extended.
The investment is being made by IL JIN Electronics (India) Limited, a material subsidiary of Amber, through the acquisition of an additional equity stake in MoMagic.
The change
- Earlier deadline: on or before 30th September 2026
- Revised deadline: on or before 30th November 2026
- Or such other date as may be mutually agreed by the parties to the Definitive Transaction Agreements
This follows earlier intimations dated 14th February 2026, 3rd April 2026 and 30th June 2026, indicating the timeline has been shifted more than once.
How to read it
This is a scheduling update on an ongoing transaction rather than a change in the structure of the deal itself. The company has said it will make the requisite disclosures and provide further updates to the exchanges in due course. Detailed transaction disclosures were furnished as Annexure A and Annexure B to the intimation dated 14th February 2026.
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