| Log in

Jubilant Life Sciences To Demerge Agri, Polymers Biz

02 December, 2010

General Atlantic-backed Jubilant Life Sciences Limited, earlier known  as Jubilant Organosys Ltd.), has demerged its agri & performance polymers business into an independent company Jubilant Industries Ltd.

The integrated pharma and life sciences player said that demerger was effective Nov 15, 2010 and Jubilant Industries will be a part of Jubilant Bhartia Group. Jubilant Industries is expected to list on both BSE and NSE.

The share price of the firm reacted postively to the news, with stock closing at Rs 287.15, up by 4.86% today.

The measure comes as Jubilant plans to create a focused life sciences firm. Jubilant Life Sciences is one of the largest custom research and manufacturing services and integrated drug discovery player in India. Post demerger, the conversion price would be reset for the outstanding FCCBs of $142 million based on the valuations done by Kotak Mahindra Capital Company Ltd and SBI Capital Markets Ltd.

Jubilant Industries Ltd has a portfolio of products in crop nutrition, growth and protection agri products and performance polymers products comprising consumer products like adhesives, wood finishes, etc. The company had revenues of Rs 307 crore and a net profit of Rs 21 crore  for the half year ending September 2010.


Leave Your Comment
Jubilant Life Sciences’ pharma unit to be listed overseas in six-nine months

Jubilant Life Sciences’ pharma unit to be listed overseas in six-nine months

Lohit Jagwani 4 years ago
Noida-based Jubilant Life Sciences Ltd (JLL) is transferring its pharmaceutical...
Jubilant sells hospital business to Narayana Health

Jubilant sells hospital business to Narayana Health

Bhawna Gupta 4 years ago
Jubilant First Trust Healthcare (JFTH), a wholly owned subsidiary of...
Atul Punj's Samena Capital Ups Stake To 4.5% In Jubilant Industries

Atul Punj's Samena Capital Ups Stake To 4.5% In Jubilant Industries

Shrija Agrawal 7 years ago
Samena Capital Special Situations Fund, an investment management group focusing...
No Comments

Jubilant Life Sciences To Demerge Agri, Polymers Biz

Powered by WordPress.com VIP