Jindal Worldwide has disposed its part of the investment as made in equity shares of its Wholly Owned Subsidiary Companies -- Jindal Shirtings, Balaji Weft and Saroj Weavers -- with effect from November 12, 2019. These companies have ceased to be the Wholly Owned Subsidiary Companies of the Company as it has disposed its 55% equity stake in the said Companies.
Jindal Worldwide engages in the manufacture, sale, and export of made ups and fabrics in India. The main objective of the company is establishing itself as a market leader in the field of home textiles and readymade garment exports by rendering efficient and effective services.
