Jubilant Infrastructure Limited (“JIL”), wholly owned subsidiary of the
Company at its Board Meeting held today has approved purchasing of 6.67% equity Share in
Forum I Aviation Private Limited (‘FAPL’) from Hero Fincorp Limited & Mr. Sunil Kant
Munjal.
JIL already have couple of verticals to focus but don’t know why they are increasing stack in tricky and OOB vertical. Ultimately market will discount this if this starts pulling out revenue in some or other way.!
Disc : tracking for personal reasons. Not invested!