New Delhi, Sept. 8 -- ILJIN Electronics (India) Pvt Ltd, a subsidiary of Amber Group, has raised Rs.1,200 crore from ChrysCapital and InCred Growth Partners to scale operations, strengthen technology, and drive acquisitions in India's expanding electronics sector.

ChrysCapital will invest Rs.1,100 crore, while InCred PE will add Rs.100 crore through equity and compulsory convertible preference shares, subject to regulatory approvals, according to a press release.

ILJIN said the fresh capital will be deployed to expand manufacturing scale, strengthen technology capabilities, and support targeted acquisitions in the electronics manufacturing services (EMS) sector.

The investment comes at a time when India is aggressively pushing to local...