M&A M&A
Avi polymers to acquire 90% stake in JVTR Consultants at Rs.500-Cr valuation
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)
Anand, Gujarat-based speciality chemical manufacturer Avi Polymers is to acquire a 90% stake in Hyderabad-based JVTR Consultants. The transaction will be financed through a share swap arrangement at an indicative valuation of Rs.500-Cr. JVTR Consultants provides services in the technology and digital sector.Avi Polymers intends to use the acquisition to focus on areas such as information technology services, software development, system integration, and digital platforms.Avi Polymers recently expanded into the healthcare and agricultural segments through the launch of its subsidiaries, KrishiBuddy and AVI Health AI.