Avi Polymers to Acquire 90% Stake in JVTR Consultants.

Avi Polymers Seeks to Expand into Technology Sector with JVTR Consultants Acquisition

Avi Polymers Ltd announced on Thursday that its board has approved the acquisition of a 90% stake in JVTR Consultants Pvt Ltd through a share swap arrangement at an indicative valuation of Rs 500 crore. This strategic move marks a significant step towards expanding the company's presence in the technology and digital services sector.

The proposed acquisition is aimed at positioning Avi Polymers for growth in areas such as information technology services, software development, system integration, digital platforms, and related technology solutions. The company plans to tap into the vast opportunities in technology-driven businesses, leveraging its expertise in the polymer and speciality chemical manufacturing sectors.

Avi Polymers Managing Director Chintan Yashwantbhai Patel stated that the strategic expansion will help build a more diversified and future-ready business. This acquisition is part of the company's broader strategy to expand into new sectors, following its recent entry into the healthcare and agri segments with the rollout of its wholly-owned AI-led subsidiaries, including KrishiBuddy and AVI Health AI.

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The acquisition is expected to strengthen Avi Polymers' position in the technology and digital services sector, aligning with the company's vision of building a more diversified and future-ready business.