Jubilant Ingrevia subsidiary Jubilant Advanced Electronics has signed a share purchase agreement to acquire a 40% stake in Zettaone Technologies India. The company holds an option to increase this shareholding to 51% during the next year. This move marks the entry of the firm into the electronics design and manufacturing services sector.
The acquisition allows the company to build a platform serving customers in the aerospace, defense, automotive, and semiconductor segments. According to the company, this investment aims to capitalize on growth opportunities within the electronics industry. The firm plans to combine its existing manufacturing capabilities with the newly acquired expertise to offer integrated services to its clients.
Management stated that the option to raise the stake to 51% in FY28 is a key component of its long-term growth strategy. This integration is expected to accelerate the expansion of the company’s semiconductor and electronics chemicals vertical. The transaction remains subject to the terms and conditions outlined in the share purchase agreement.
Based on company and agency reports. For information only; not investment advice.