Announced Tue, 18 Aug · 21:34 IST
Jubilant Ingrevia to buy 40% in Zettaone Technologies for Rs 189.2 Cr
JUBLINGREA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹729.50
prior close
₹732.45
base price
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AI summary
Jubilant Ingrevia will buy a 40% stake in Zettaone Technologies India for about Rs 189.2 crore in cash. Zettaone makes electronics for aerospace, defence, semiconductor, auto and industrial sectors. Its turnover rose from Rs 51.1 Cr in FY24 to Rs 98.1 Cr in FY26. The deal closes in two tranches by November 2026 and September 2027. Zettaone will become an associate, extending Jubilant capabilities into electronics and semiconductor space.
Likely market impact
Strategic push into electronics and semiconductor space; cash deal of Rs 189.2 Cr in two phases, growth potential via associate firm