Jindal Poly Films Ltd to acquire 100% in JPF Netherlands Investment B.V.

Pursuant to the approval accorded by Board of Directors of Jindal Poly Films Ltd, the Company has now entered into an agreement on 06th June, 2023 to acquire the 100% shareholding of JPF Netherlands Investment B.V. a Netherlands based entity, which is engaged into the business of packaging films business through its three operational wholly owned subsidiaries based out of France, Italy, and United Kingdom. These operational entities are into the business of manufacturing of specialty, nylon, coated and metalized films and laminates. The products are mainly used as flexible packaging in foods, pharma, and luxury industry.

Shares of Jindal Poly Films Limited was last trading in BSE at Rs. 672.50 as compared to the previous close of Rs. 674.15. The total number of shares traded during the day was 14820 in over 992 trades.

The stock hit an intraday high of Rs. 679.55 and intraday low of 670.00. The net turnover during the day was Rs. 10001074.00.

Source : Equity Bulls

Keywords

JindalPolyFilms INE197D01010 JPFNetherlandsInvestmentBV Acquisition