Jubilant Ingrevia moves higher on acquiring 37.98% stake in Mister Veg Foods

Jubilant Ingrevia is currently trading at Rs. 412.90, up by 15.60 points or 3.93% from its previous closing of Rs. 397.30 on the BSE.

The scrip opened at Rs. 400.45 and has touched a high and low of Rs. 420.20 and Rs. 400.45 respectively. So far 13370 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 592.45 on 11-Nov-2022 and a 52 week low of Rs. 395.65 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 440.95 and Rs. 395.65 respectively. The current market cap of the company is Rs. 6505.84 crore.

The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 13.29% and 35.24% respectively.

Jubilant Ingrevia has acquired 37.98% stake of Mister Veg Foods, an associate company of the Company. This further investment is towards potential synergies with the Nutrition business of the Company. Aggregate consideration for acquisition of additional shares is Rs 2.12 crore.  The acquisition is completed on March 16, 2023.

Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers.

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