Jindal Poly Films is seeking shareholders’ nod to issue Non-Convertible Debentures (NCDs) amounting up to Rs 500 crore. The company has already received its board’s approval for raising funds and sought the approval of the shareholders by way of postal ballot. The company is also looking to increase its borrowing limits from Rs 4,000 crore 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.
