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AVI Polymers to Acquire 90% Stake in JVTR Consultants for Rs 500 Crore

AVI Polymers board has approved acquiring a 90% stake in JVTR Consultants Private at an indicative valuation of Rs 500 crore through a share swap mechanism. The acquisition is part of the company's strategic expansion into the technology sector, including IT services and digital platforms. The company is also seeking shareholder approval to amend its Memorandum of Association to include technology-related businesses. The deal remains subject to due diligence, definitive agreements, and regulatory approvals.

Key Points: AVI Polymers Acquires 90% Stake in JVTR Consultants for Rs 500 Crore

  • Board approves 90% stake acquisition in JVTR Consultants
  • Deal valued at Rs 500 crore via share swap mechanism
  • Company to expand MOA for technology businesses
  • Move marks strategic diversification into IT and digital platforms
2 min read

AVI Polymers board approves acquisition of 90% stake in JVTR Consultants at indicative valuation of Rs 500 crore

AVI Polymers board approves acquisition of 90% stake in JVTR Consultants at Rs 500 crore valuation via share swap, marking its expansion into technology sector.

"The proposed acquisition has an indicative valuation of Rs 500 crore and forms part of the company's strategic expansion into the technology sector. - AVI Polymers Exchange Filing"

Mumbai, May 7

AVI Polymers Limited on Thursday said in an exchange filing that its board of directors has approved a proposal to acquire a 90 per cent stake in JVTR Consultants Private through a share swap mechanism on a preferential issue basis.

According to the filing submitted to BSE, the proposed acquisition has an indicative valuation of Rs 500 crore and forms part of the company's strategic expansion into the technology sector.

The company said the proposed issuance of equity shares through the share swap route is specifically intended to execute the acquisition transaction.

The proposal remains subject to finalisation of definitive terms and conditions, due diligence, execution of agreements, shareholder approval and other regulatory approvals, as applicable.

AVI Polymers also informed the exchange that the board has approved changes to the Memorandum of Association (MOA) to expand the company's business objects in line with its planned transition into technology-related businesses.

The newly proposed business areas include information technology services, software development, system integration, digital platforms and allied technology services and activities. The changes will be subject to shareholder approval.

The company stated that the strategic initiatives were approved during the board meeting held on Thursday.

AVI Polymers had earlier indicated plans to diversify into technology-led sectors through subsidiaries operating in agritech and healthtech segments.

Earlier, the company announced in an exchange filing that its board of directors will meet on May 7, 2026, to consider a potential fund raise of around Rs 500 crore through various routes, including Qualified Institutional Placement (QIP), preferential issue, private placement or a combination of permissible methods.

The company is engaged in businesses related to polymer products, speciality chemicals, agriculture trading and technology-driven solutions.

- ANI

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Reader Comments

P
Priya S
Share swap mechanism instead of cash? Smart way to preserve liquidity. But investors must be cautious — AVI Polymers has been dabbling in agritech and healthtech too. Too many eggs in different baskets? 🤔
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Aman W
Good to see Indian companies diversifying into tech. But Rs 500 crore for a 90% stake — what exactly does JVTR Consultants bring to the table? Hope there's more clarity on their revenue and client base soon. Shareholders deserve transparency.
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Nisha Z
Bold strategy! AVI Polymers is clearly betting big on tech. I just hope they don't lose focus on their core polymer business — that's what built their reputation. Let's see if this pays off in 2-3 years. 👀
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Varun X
The board approving MOA changes to include IT services is a clear signal. But why the rush to raise Rs 500 crore too? Seems like they are preparing for a big war chest. Let's hope the execution matches the ambition. 💪
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Suresh O
Another old-economy company chasing tech dreams. Sometimes it works (like Reliance Jio), sometimes it's just a fad. I'll wait for the definitive agreement details before forming an opinion. Patience, yaar! 😊

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