Business Standard

Jubilant Ingrevia arm divests 10% stake in Safe Foods Corp for $18.2 mn

Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of $18.2 million

Jubilant Ingrevia

Jubilant Ingrevia

Press Trust of India New Delhi
Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of USD 18.2 million (around Rs 134.2 crore).
"Jubilant Life Sciences International Pte. Ltd, Singapore, a wholly-owned subsidiary of the company has divested its entire 10 per cent stake, consisting of 5,40,463 shares, held in Safe Foods Corporation on 21.09.21 for a consideration of USD 18.2 million (approx. Rs 134.2 crore) pursuant to approval of the plan of merger between Safe Food and Packers Sanitation Services Inc Ltd," Jubilant Ingrevia said in a filing to BSE.
Shares of Jubilant Ingrevia closed at Rs 760.10 on BSE, down 1.59 per cent from its previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 22 2021 | 10:12 PM IST

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