Jubilant Ingrevia shines as its arm gets nod to purchase 6.67% stake in Forum I Aviation
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Jubilant Ingrevia is currently trading at Rs. 832.20, up by 21.60 points or 2.66% from its previous closing of Rs. 810.60 on the BSE.
The scrip opened at Rs. 819.80 and has touched a high and low of Rs. 832.20 and Rs. 811.50 respectively. So far 5596 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 884.95 on 12-Dec-2024 and a 52 week low of Rs. 421.60 on 05-Feb-2024.
Last one week high and low of the scrip stood at Rs. 832.20 and Rs. 790.80 respectively. The current market cap of the company is Rs. 13084.15 crore.
The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 22.68% and 25.85% respectively.
Jubilant Ingrevia’s wholly owned subsidiary -- Jubilant Infrastructure (JIL) has received approval for purchasing of 6.67% equity Share in Forum I Aviation (FAPL) from Hero Fincorp & Sunil Kant Munjal. Post-acquisition, JIL will hold 15.79% equity shares in FAPL. The purpose of making further investment by Jubilant Infrastructure in FAPL is to meet business requirements. The said transaction is expected to be completed within this financial year. The company at its Board Meeting held on December 30, 2024 has approved the same.
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers.
