Amber Enterpries Ltd. is looking to demerge its Electronics division, sources with knowledge of the matter told CNBC-TV18 exclusively.
The sources further said that Amber Enterprises might float an IPO of the electronics division after the demerger is complete.
Bankers for the demerger and subsequent IPO of the electronics division have already been appointed, according to the sources.
For financial year 2024, the Electronics division formed 20% of the total revenue of Amber Enterprises.
CNBC-TV18 has written to Amber Enterprises with regards to this story but is awaiting a response for the same.
On the valuation front, shares of Amber Enterprises are trading at a financial year 2026 price-to-earnings multiple of 54 times, compared to its closest peer Dixon Technologies, which trades at 99 times earnings.
Shares of Amber Enterprises gained as much as 5.5% post this newsbreak to ₹7,279 and has now gained over 130%. Dixon Tech shares too have nearly tripled in value so far this year.
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