AVI Polymers To Acquire 90 Per Cent Of JVTR Consultants

13 May 2026 CW Team

The board also approved amendments to the Memorandum of Association (MOA) to broaden the company's business objects and facilitate a planned transition into technology-related activities. The newly proposed business areas include information technology services, software development, system integration, digital platforms and allied technology services. These changes are subject to shareholder approval before the expansion can proceed.

Executives had earlier signalled intentions to diversify into technology-led sectors through subsidiaries operating in agritech and healthtech verticals, and the current move aligns with those plans. The board meeting additionally considered a potential fund raise of around Rs five bn, with routes including qualified institutional placement, preferential issue, private placement or a combination of permissible methods. Any fund raiser would be subject to further approvals and market conditions.

AVI Polymers operates in polymer products, speciality chemicals, agriculture trading and technology-driven solutions and sees the acquisition as a step to strengthen its technology capabilities. The company anticipates that integrating JVTR's operations will support system integration and digital platform initiatives as it expands its services. The acquisition process will proceed only after completion of due diligence and receipt of the requisite regulatory and shareholder consents.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

AVI Polymers Limited's board approved a proposal to acquire a 90 per cent stake in JVTR Consultants Private through a share swap on a preferential issue basis, as disclosed in an exchange filing. The proposed acquisition carries an indicative valuation of Rs five billion (bn) and forms part of the company's strategic expansion into the technology sector. The board noted that the issuance of equity shares via the share swap route is intended to implement the transaction and that the proposal remains conditional on finalisation of definitive terms, due diligence, execution of agreements, shareholder approval and other regulatory clearances. The board also approved amendments to the Memorandum of Association (MOA) to broaden the company's business objects and facilitate a planned transition into technology-related activities. The newly proposed business areas include information technology services, software development, system integration, digital platforms and allied technology services. These changes are subject to shareholder approval before the expansion can proceed. Executives had earlier signalled intentions to diversify into technology-led sectors through subsidiaries operating in agritech and healthtech verticals, and the current move aligns with those plans. The board meeting additionally considered a potential fund raise of around Rs five bn, with routes including qualified institutional placement, preferential issue, private placement or a combination of permissible methods. Any fund raiser would be subject to further approvals and market conditions. AVI Polymers operates in polymer products, speciality chemicals, agriculture trading and technology-driven solutions and sees the acquisition as a step to strengthen its technology capabilities. The company anticipates that integrating JVTR's operations will support system integration and digital platform initiatives as it expands its services. The acquisition process will proceed only after completion of due diligence and receipt of the requisite regulatory and shareholder consents.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..