Jubilant Ingrevia Ltd announced that its subsidiary, Jubilant Infrastructure Ltd (JIL), has acquired an additional 6.67% equity stake in Forum I Aviation Private Ltd (FAPL) for ₹10.29 per share. The purchase, approved at a recent board meeting, increases JIL's total shareholding in the aviation company to 15.79%.
Forum I Aviation, incorporated in 2004, operates aircraft on a charter basis under a Non-Scheduled Airlines Permit issued by India’s Ministry of Civil Aviation. The company reported revenue of ₹27.32 crore for the financial year 2023-24.
Jubilant Ingrevia Limited, part of the Jubilant Bhartia Group, provides a range of products for pharmaceuticals, nutrition, agrochemicals, and industrial applications. The company utilizes advanced manufacturing, technology, and R&D capabilities to deliver sustainable solutions.
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