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Jindal Poly Films to divest 60% stake in France based subsidiary

24 Mar 2012 Evaluate

Jindal Poly Films has received an approval for disinvestment of 60% equity shares of Jindal France SAS, France. Pursuant to this disinvestment, Jindal France SAS and Rexor S.A. will cease to be subsidiaries of the company. The board at its meeting held on March 23, 2012 has approved for the same.

During 2003-2004, Jindal Poly Films has acquired Rexor S.A. through its subsidiary company Jindal France SAS. Rexor is 50-year-old profitable French Company, manufacturing Coated Films, Hot Stamping Foils, Security Threads, Tear Tapes etc.

Jindal Poly Films is a part of Rs 3,000 crore B C Jindal Group, a 50 year old industrial group offering a wide range of products. The company is the largest manufacturer of BOPET and BOPP films in India. It produces BOPET film, BOPP film, metalized BOPET film and BOPP film, coated BOPET and BOPP films, polyester chips (for captive consumption in the BOPET film).

Jindal Poly Films Share Price

713.50 2.05 (0.29%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 135.90
Vardhman Textiles 605.20
Arvind 441.40
K.P.R. Mill 937.05
Page Industries 36214.40
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