JUBILIANT INGREVIA ENTERS INTO ELECTRONICS MANUFACTURING SECTOR

Specialty chemical player

will be acquiring a 40% stake in Zettaone Technologies for an amount of Rs 189.2 crore. Zettaone Technologies is an electronics design and manufacturing platform with integrated capabilities in electronics & semicon industry. This acquisition will allow the company to capitalise on it's proven manufacturing and customer-centric capabilities in CDMO space, while further strengthening it's engagement with customers across the electronics and semiconductor value chain. After the completion of the proposed acquisition, Zettaone Technologies will become an associate company of Jubilant Ingrevia.