December 31, 2024
New Delhi, India
Jubilant Ingrevia’s Shares
Jubilant Ingrevia saw its shares rise by 1.78% to ₹825 after its wholly owned subsidiary, Jubilant Infrastructure (JIL), announced plans to increase its stake in Forum I Aviation Private Ltd. (FAPL). The move will see JIL acquiring a 6.67% stake in FAPL from Hero Fincorp and Sunil Kant Munjal.
Details of the Acquisition
- Stake and Price: JIL will acquire 16.67% equity in FAPL at ₹10.2915 per share.
- Timeline: The transaction is expected to conclude within the current financial year.
- Post-Acquisition Stake: Following this investment, JIL’s ownership in FAPL will increase from 9.12% to 15.79%.
About Forum I Aviation Private Ltd.
FAPL operates in the non-scheduled airline sector, providing charter flight services. The company reported revenue of ₹27.32 crore for FY24. Jubilant Infrastructure’s additional investment in FAPL is intended to support the company’s business requirements and future growth.
Jubilant Ingrevia: A Global Life Sciences Leader
Jubilant Ingrevia is a prominent global provider of life science products and solutions catering to the pharmaceutical, nutrition, agrochemical, consumer, and industrial sectors. The company’s portfolio includes specialty chemicals, nutrition and health solutions, and chemical intermediates, with operations spanning five manufacturing facilities across India.
Financial Performance
In Q2 FY25, Jubilant Ingrevia reported:
- Net Profit: ₹59 crore, up 2.6% from Q2 FY24.
- Net Sales: ₹1,029 crore, a 1.8% year-on-year increase.
The company continues to deliver innovative, cost-effective, and high-quality solutions, contributing to its steady growth across global markets.
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