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Jindal Poly Films acquires 100% stake in Universus Poly & Steel

15 Nov 2021 Evaluate

Jindal Poly Films has acquired 100% shares of Universus Poly & Steel and consequent thereof Universus Poly & Steel has become wholly owned subsidiary of Jindal Poly Films. JPFL intends to do business in steel and other Plastic products through separate company i.e., subsidiary so acquired this company.

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.

Peers
Company Name CMP
Vardhman Textiles 564.55
Welspun Living 221.75
Arvind 569.05
Raymond Lifestyle 699.50
K.P.R. Mill 1133.55
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