Overview
- ChrysCapital will invest Rs 1,100 crore and InCred PE Rs 100 crore, with Raptor Investments and Two Infinity also participating, according to definitive agreements disclosed in filings.
- ILJIN will issue equity and compulsorily convertible preference shares, with CCPS conversion to occur at a mutually agreed price at the time of conversion.
- The investor group will collectively nominate one non-executive director to ILJIN’s board and receive standard pre-emptive and other customary rights.
- Proceeds are earmarked to expand manufacturing capacity and support targeted acquisitions to deepen ILJIN’s role in India’s electronics supply chain.
- ILJIN reported FY25 revenue of Rs 2,194 crore and provides PCB, PCB assembly and box-build solutions across consumer, automotive, telecom, healthcare, renewable, aerospace and defence sectors.