Trading Symbol

JUBLINGREA (NSE)

Board Approval and Transaction Details

The Board of Directors of Jubilant Ingrevia Limited, at its meeting held on August 18, 2026, approved the Company's entry into a Binding Term Sheet with Zettaone Technologies India Private Limited for the acquisition of a 40% strategic equity stake. Following completion, Zettaone will become an associate of the Company.

Investment Amount and Consideration

The cost of acquisition is ₹189.2 crore (approximately) payable in cash consideration.

Strategic Rationale

The investment aligns with the Company's Pinnacle growth strategy and provides a platform for entry into Electronics Development and Manufacturing Services (EDMS) space. The transaction will enable delivery of an integrated value proposition in electronics and semiconductor space, leveraging the Company's manufacturing and customer-centric capabilities from its CDMO business.

Transaction Structure and Timeline

The acquisition is proposed to be completed in two tranches:

  • First tranche expected to close by November 2026
  • Second tranche expected to close by September 2027

Target Company Information

Zettaone Technologies India Private Limited is described as an "integrated electronics design and manufacturing platform" serving Aerospace, Defence, Semiconductor, Automotive, Medical and Industrial applications.

Financial Performance of Zettaone

Turnover for the last three financial years:

  • FY 2025-26: ₹98.1 crore
  • FY 2024-25: ₹79.1 crore
  • FY 2023-24: ₹51.1 crore

Regulatory and Compliance Aspects

The acquisition does not qualify as a related party transaction. No governmental or regulatory approvals are required for the acquisition.

Management Commentary

Shyam S Bhartia, Chairman, and Hari S Bhartia, Co-Chairman & Whole-Time Director stated: "The proposed investment is aligned with the Company's Pinnacle growth strategy and provides a strong platform for its play in Electronics Development and Manufacturing Services (EDMS) space."

Deepak Jain, Chief Executive Officer and Managing Director commented: "The expertise in high-speed and high-power PCB design and manufacturing of Zettaone Technologies will further anchor our growing Electronics/Semiconductor business."

Harikrishnan Gopal, CEO of Zettaone Technologies stated: "This development will reinforce our position as a trusted technology partner for mission-critical electronics solutions."

Event Timing

The date and time of occurrence of event is August 18, 2026 at 05:30 PM (IST).

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