Jubilant Ingrevia to acquire 40% stake in Zettaone Tech for Rs 189.2 crore; bets on semiconductor value-chain

Noida-based speciality chemicals maker Jubilant Ingrevia will pick up a 40% strategic stake in electronics manufacturing firm Zettaone Technologies India, the company said in a stock exchange filing. The move marks the CDMO major’s entry into electronics design and manufacturing services, a space adjacent to its existing semiconductor chemicals business.

Jubilant Ingrevia-Zettaone deal: 40% stake, cash payment and timeline

The acquisition will be funded through cash consideration and completed in two tranches. The first tranche is expected to close by November 2026, with the second following by September 2027.