Mumbai, July 28 -- Unitronics is a publicly listed company with shares trading on the Tel Aviv Stock Exchange.

Amber will acquire up to a 40.24% controlling stake in the issued and outstanding share capital of Unitronics. Following the acquisition, it will jointly hold a 45.13% stake in the company along with Haim Shami.

The stake will be acquired for 15.6 crore Israeli New Shekel, equivalent to approximately Rs 404 crore (1 Israeli New Shekel = Rs 25.89).

The transaction is expected to be completed within 60 business days from the signing of the agreements.

Amber stated that the proposed acquisition is aligned with the strategy of its electronics division to expand into industrial applications, leveraging its backward integration cap...