Amber Enterprises India Ltd.AMBERDeterioratingCriticalmateriality 93 out of 100
Amalgamation of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN…
Distressinsolvency
As filed
Amber Enterprises India Limited has informed the Exchange about Amalgamation/Merger of Ever Electronics Private Limited, the subsidiary of the Company with and into IL JIN Electronics (India) Private
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.