Jubilant Ingrevia: Acquires 6.67% Stake in Forum Aviation
Jubilant Ingrevia’s stock gained after its subsidiary, Jubilant Infrastructure, acquired a 6.67% equity stake in Forum Aviation (FAPL). Post-transaction, Jubilant Infrastructure will hold 15.79% of the aviation firm. This move aligns with Jubilant’s growth strategy, with its focus on specialty chemicals and nutrition. With robust CAPEX plans and Jubilant’s aims to 3X revenue and 4X EBITDA in the next 5 years seems good for its Investors.