Jubilant Life hikes price of Vitamin B3 product by 9 per cent

NEW DELHI: Jubilant Life Sciences today announced 9 per cent increase in price of its Vitamin B3 product, Niacinamide, with immediate effect.

Shares of the company rose by 4 per cent to trade at Rs 214 on BSE following the announcement. The company is a one amongst the largest manufacturers of Vitamin B3 (Niacin & Niacinamide) in the world.

In a BSE filing, it said that the "price increase of 9 per cent for Niacinamide with immediate effect" is for "non-contract customers and wherever existing contracts permit".

The company said its nutrition business is backward integrated up to the initial raw material stage with global scale of operations.