Jubilant Pharmova Ltd has approved the sale of its Active Pharmaceutical Ingredients (API) business to its wholly-owned subsidiary, Jubilant Biosys Limited, for a consideration based on asset book value, with a turnover of Rs. 609 crores (8.35% of total revenue) and net worth of Rs. 666.5 crores (10.68% of total net worth) for the last fiscal year, effective June 12, 2025, and expected to finalize by September 1, 2025.