Jindal Poly Films has received an approval to issue Non-Convertible Debentures (NCDs) amounting up to Rs 500 crore. The board of directors at its meeting held on December 26, 2016 has approved for the same.
The board also approved increase in borrowing limits of the company from Rs 4,000 crore to Rs 5,000 crore and creation of charge on assets of the company within increased borrowing limits up to Rs 5,000 crore.
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. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.
