Jindal Poly Films gains on foraying into load security films market

04 Jul 2017 Evaluate

Jindal Poly Films is currently trading at Rs. 407.05, up by 1.85 points or 0.46% from its previous closing of Rs. 405.20 on the BSE.

The scrip opened at Rs. 410.10 and has touched a high and low of Rs. 422.05 and Rs. 403.50 respectively. So far 49800 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 476.10 on 17-Mar-2017 and a 52 week low of Rs. 300.00 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 422.05 and Rs. 348.90 respectively. The current market cap of the company is Rs. 1782.33 crore.

The promoters holding in the company stood at 74.55%, while Institutions and Non-Institutions held 4.64% and 20.82% respectively.

Jindal Poly Films (JPFL) will acquire Apeldoorn Flexible Packaging Holding B.V. (AFP) through its Netherlands based subsidiary ‘JPF Netherlands B.V.’ in an all cash deal. AFP was significantly owned by Bencis Capital Partners, a leading European private equity firm with an 18-year history of investing in strong and successful businesses in the Netherlands and Belgium. This acquisition marks JPFL’s foray into the load security films market. The transaction is subject to necessary regulatory approvals and is expected to close by September 30, 2017.

Alvarez & Marsal Corporate Finance, India and DLA Piper Nederland N.V. acted as the exclusive financial and legal advisors, respectively to the buyer. William Blair & Company and Stek Advocaten B.V. acted as the exclusive financial and legal advisors, respectively to the seller.

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.

Jindal Poly Films Share Price

510.25 -9.85 (-1.89%)
13-May-2024 15:31 View Price Chart
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