News ArticleJubilant Ingrevia Subsidiary Acquires 40% Stake in Zettaone Technologies with 51% Shareholding Option
Acquisition marks entry into EDMS sector with potential for increased control in fiscal year 2028
Jubilant Ingrevia's wholly owned subsidiary, Jubilant Advanced Electronics Limited, has acquired a 40% strategic equity stake in Zettaone Technologies India Private Limited, with an option to increase its shareholding to 51% in fiscal year 2028. This move marks Jubilant's entry into the Electronics Design and Manufacturing Services sector, enhancing its capabilities in semiconductors, aerospace, defense, automotive, and electronics segments.
Jubilant Ingrevia Limited
Acquisition / Amalgamation / Merger / Demerger
Jubilant Ingrevia's subsidiary, Jubilant Advanced Electronics Limited, has acquired a 40% strategic equity stake in Zettaone Technologies India Private Limited, aiming to strengthen its presence in the Electronics Design and Manufacturing Services sector with an option to raise its holding to 51% next fiscal year.
The acquisition was completed following the execution of the Share Subscription and Share Purchase Agreement (SSPA) on November 8, 2026, as part of a strategic move to enter the rapidly growing EDMS market.
The option to increase shareholding from 40% to 51% is exercisable during the next year, subject to the terms and conditions of the agreement.
This investment positions Jubilant Ingrevia to expand its offerings in sectors including semiconductors, aerospace and defense, automotive, and other electronics segments.
The acquisition complements Jubilant Ingrevia's manufacturing and customer service capabilities in the CDMO space, enabling a combined value proposition for semiconductor and electronics chemicals vertical growth.
Highlights
- 40% equity stake acquired in Zettaone Technologies by Jubilant Advanced Electronics Limited
- Option to increase shareholding to 51% during fiscal year 2028
- Entry into Electronics Design and Manufacturing Services (EDMS) sector
- Focus on semiconductors, aerospace & defense, automotive, and electronics markets
- Acquisition supports growth of semiconductor and electronics chemicals vertical
Key Data Snapshot
What happened
- Jubilant Advanced Electronics Limited, a wholly owned subsidiary of Jubilant Ingrevia, has acquired a 40% strategic equity stake in Zettaone Technologies India Private Limited.
- The acquisition was formalized through a Share Subscription and Share Purchase Agreement executed on November 8, 2026.
- There is an option to increase the stake to 51% during fiscal year 2028 subject to agreed terms.
Key details
- This acquisition marks Jubilant Ingrevia's entry into the growing Electronics Design and Manufacturing Services sector.
- The investment is expected to open opportunities across semiconductors, aerospace & defense, automotive, and other electronic segments.
- Combining EDMS capabilities with existing CDMO strengths aims to enhance customer offerings and accelerate growth in the semiconductor and electronics chemicals vertical.
Regulatory and governance context
- Disclosure of the transaction has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Prior disclosures were submitted on October 1, 2026, with further update provided on November 8, 2026.
Highlights
- 40% equity stake acquired in Zettaone Technologies by Jubilant Advanced Electronics Limited
- Option to increase shareholding to 51% during fiscal year 2028
- Entry into Electronics Design and Manufacturing Services (EDMS) sector
- Focus on semiconductors, aerospace & defense, automotive, and electronics markets
- Acquisition supports growth of semiconductor and electronics chemicals vertical
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30
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