Jubilant Ingrevia to Acquire 40% Stake in Zettaone for ₹189.2 Cr

Jubilant Ingrevia Limited has approved entering into a binding term sheet to acquire a 40% strategic equity stake in Zettaone Technologies India Private Limited for ₹189.2 crore. This acquisition, expected to be completed in two tranches by September 2027, will make Zettaone an associate company. The move aligns with Jubilant Ingrevia's growth strategy, aiming to establish a strong platform in the Electronics Development and Manufacturing Services (EDMS) space. It will enable the company to offer integrated value propositions in the electronics and semiconductor sectors, leveraging its existing manufacturing and customer-centric capabilities. Zettaone, an integrated electronics design and manufacturing platform, reported revenues of ₹98.1 Cr in FY26.