Jubilant Ingrevia Ltd announced on Monday, December 30, that its wholly-owned subsidiary, Jubilant Infrastructure Ltd (JIL), has acquired an additional 6.67% equity stake in Forum I Aviation Private Ltd (FAPL) from Hero Fincorp Ltd and Sunil Kant Munjal. The decision was approved during JIL’s Board Meeting held earlier that day.
This acquisition raises Jubilant Infrastructure’s total shareholding in Forum I Aviation to 15.79%. Incorporated on December 28, 2004, Forum I Aviation operates aircraft on a charter basis under a Non-Scheduled Airlines Permit granted by India’s Ministry of Civil Aviation. For the financial year 2023-24, the company reported revenue of ₹27.32 crore.
The deal, priced at ₹10.29 per share, supports Jubilant Infrastructure’s strategic goals and aligns with its business requirements. The transaction will be completed within the current financial year and will be executed through a cash payment.
Forum I Aviation is a dynamic player in the aviation sector, providing a wide array of services ranging from chartered flight operations to comprehensive aviation consulting. The company is committed to delivering customized solutions that meet the evolving needs of clients in business travel, cargo transportation, and specialized aviation projects. With a focus on safety, reliability, and efficiency, Forum I Aviation leverages cutting-edge technology and a skilled team to ensure top-tier service quality. By emphasizing operational excellence and customer-centric approaches, the company continues to make significant strides in the competitive aviation landscape.
Jubilant Ingrevia Limited is a leading integrated global player in the life sciences ingredients and chemicals industry, offering a diverse portfolio of products that cater to pharmaceuticals, nutrition, agrochemicals, and other industrial applications. As part of the Jubilant Bhartia Group, the company leverages advanced manufacturing capabilities, cutting-edge technology, and robust R&D expertise to deliver innovative and sustainable solutions.
With operations spanning multiple countries, Jubilant Ingrevia is a key supplier of specialty chemicals, life science ingredients, and performance chemicals. The company’s focus on sustainability, efficiency, and customer-centric innovation underscores its commitment to driving growth while maintaining environmental and social responsibility.
