Jindal Worldwide has disposed off its entire investment made in its associate company - Jindal Synthetics by way of selling 5,12,500 equity shares at Rs 32 each aggregating to Rs 1,64,00,000 to Yash Agrawal, the Director and Shareholder of the company of Jindal Synthetics.
Consequent to the said disposal of the company’s entire investment in its associate company, Jindal Synthetics is no longer an associate company of Jindal Worldwide with effect from December 23, 2017.
The main objective of Jindal Worldwide is establishing itself as a market leader in the field of home textiles and readymade garment exports by rendering efficient and effective services.
