Jindal Worldwide has acquired 10,000 Equity Shares of Rs 10 each at par aggregating to Rs 1 lakh of Jindals Retail House.
Consequent to the said investment and further to the receipt of the intimation letter of approval of transfer of shares from Jindals Retail House on January 11, 2018, the company becomes the shareholder of Jindals Retail House with aggregate of 100% Stake of Equity Share capital of the said company, and as a result Jindals Retail House, becomes the Wholly Owned Subsidiary Company and a Related Party of Jindal Worldwide.
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.
