Jonjua Overseas Limited (JOL) has announced a strategic acquisition of a stake in Jonjua Air Limited, a promoter group company specializing in aviation and aviation-related printed materials. This move, led by Major Harjinder Singh Jonjua (Retd.), Managing Director of JOL, marks a significant step in the company’s growth strategy. The necessary documents regarding the beneficiary position will be filed with regulatory authorities soon.
Additionally, JOL has acquired intangible assets from promoters and the promoter group on an unsecured loan basis, payable on demand. The intellectual property assets, including exclusive works related to aviation engineering, are expected to enhance JOL’s business capabilities, particularly in printing specialized books, providing consultancy services in aviation, and trading unlisted shares.
Major Harjinder Singh Jonjua emphasized the importance of these acquisitions for expanding operations, especially in remote and border areas. The move aligns with shareholder resolutions passed in September 2024, focusing on leveraging intangible assets to drive long-term value for the company.
The company’s expertise in STOLports, aviation consultancy, and specialized book printing positions it for sustained growth, with this acquisition further solidifying its market presence.
