Jindal Poly Films has received an approval for the proposed fund raising plan of upto Rs 600 crore. The company proposes to issue securities in one or more tranches, in such form and in such manner, at such price or prices and at such times as may be considered appropriate, to the various categories of investors in the domestic and/or international market. The company has received an approval at its board meeting held on August 08, 2011.
Jindal Poly Films is a part of Rs 3,000 crore B C Jindal Group, a 50 year old industrial group offering a wide range of products. The company is the largest manufacturer of BOPET and BOPP films in India. It produces BOPET film, BOPP film, metalized BOPET film and BOPP film, coated BOPET and BOPP films, polyester chips (for captive consumption in the BOPET film).
