New Delhi, Sep 22 (PTI) Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of USD 18.2 million (around Rs 134.2 crore).

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"Jubilant Life Sciences International Pte. Ltd, Singapore, a wholly-owned subsidiary of the company has divested its entire 10 per cent stake, consisting of 5,40,463 shares, held in Safe Foods Corporation on 21.09.21 for a consideration of USD 18.2 million (approx. Rs 134.2 crore) pursuant to approval of the plan of merger between Safe Food and Packers Sanitation Services Inc Ltd," Jubilant Ingrevia said in a filing to BSE.

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Shares of Jubilant Ingrevia closed at Rs 760.10 on BSE, down 1.59 per cent from its previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)