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JMDE Packaging calls-off investments in Salt Studios

08 Dec 2014 Evaluate

JMDE Packaging & Realties has decided to call off the investment in Salt Studios. The deal has fallen through as Salt Studios were not able to honour the terms of the investment.

The key personnel of Salt Studios have left and there have been disagreements over the valuation of investments.

JMDE Packaging & Realties is engaged in gravure printing of plastic sheeting and real estate and construction businesses in India.  Its manufacturing unit is located in Budasan, Gujarat.

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