Jubilant Ingrevia announced that Jubilant Life Sciences International, Singapore, a wholly owned subsidiary of the company has divested its entire 10% stake consisting of 5,40,463 shares held in Safe Foods Corporation on 21 September 2021 for a consideration of USD 18.2 million (approx. Rs 134.2 crore) pursuant to approval of the plan of merger between Safe Foods and Packers Sanitation Services Inc.
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