Jindal Poly Films is planning to mull Scheme of Arrangement with Jindal Photo. A meeting of the board of directors of the company will now be held on January 12, 2015 to discuss and approve the same.
Earlier, on December 29, 2014, the board of directors of the both the companies had deferred the aforesaid matter for further consideration.
Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. It has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.