Jubilant Ingrevia Incorporates Wholly Owned Subsidiary for Electronics Business

Jubilant Ingrevia Limited has announced the incorporation of a wholly owned subsidiary, Jubilant Advanced Electronics Limited (WOS), to strengthen its presence in the Electronics Development and Manufacturing Services (EDMS) sector. This WOS will undertake the previously announced 40% strategic equity stake acquisition in Zettaone Technologies India Private Limited. The move aligns with the company's Pinnacle Growth Strategy, aiming to create a focused vehicle for opportunities in the EDMS and allied electronics and semiconductor segments, including high purity semicon/electronics materials. The investment structure is expected to provide greater operational flexibility and strategic focus. The initial paid-up share capital for the WOS will be up to ₹10,00,00,000/- (₹10 Crore) through 100% subscription in cash.