Jubilant Ingrevia’s wholly owned subsidiary -- Jubilant Life Sciences International Pte has divested its entire 10% stake, consisting of 5,40,463 shares, held in Safe Foods Corporation on September 21, 2021 for a consideration of $18.2 million (approximately Rs 134.2 crore) pursuant to approval of the plan of merger between Safe Food and Packers Sanitation Services Inc.
The current book value of Safe Foods Investment, reflected at Fair value through Other Comprehensive Income is $ 6.5 million (approximately Rs 47.8 crore).
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers with its customised products and solutions that are innovative, cost-effective and conforming to excellent quality standards.
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