Jubilant Ingrevia to buy 40% stake in Zettaone Technologies for INR 189.2 Cr
JUBLINGREA · price
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Jubilant Ingrevia will acquire a 40% strategic stake in Zettaone Technologies India for about INR 189.2 Cr in cash, making Zettaone an associate company. Zettaone is an integrated electronics design and manufacturing platform serving aerospace, defence, semiconductor, automotive, medical and industrial sectors. Its turnover grew from Rs 51.1 Cr in FY23-24 to Rs 98.1 Cr in FY25-26. The deal will be done in two tranches, with the first closing by November 2026 and the second by September 2027. The move is part of Jubilant's Pinnacle growth strategy to enter the Electronics Development and Manufacturing Services space.
Strategic entry into high-growth electronics and semiconductor manufacturing; phased cash payment of about INR 189 Cr limits near-term strain while diversifying revenue streams.