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Jindal Poly Films’ arm to acquire entire stake in SMI Coated Products

29 Apr 2022 Evaluate

Jindal Poly Films’ wholly owned subsidiary -- Jindal Polypack has entered into an agreement to acquire 100% shareholding of SMI Coated Products which is engaged in the manufacturing of pressure sensitive label stocks.

The acquisition would augment in Jindal Poly films existing growth plans resulting in forward integration by expanding into downstream product segment i.e. labels and related products. Jindal Polypack may source some of its raw material from Jindal Poly films. Implementation of business synergies in R&D, overhead cost, manufacturing best practices, etc. The company has an investment horizon for a long-term basis, and company plan to expand the business further in the near future.

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.

Jindal Poly Films Share Price

723.20 -16.20 (-2.19%)
16-Jun-2026 14:21 View Price Chart
Peers
Company Name CMP
Welspun Living 146.30
Vardhman Textiles 633.85
Arvind 494.60
K.P.R. Mill 1053.20
Page Industries 39000.00
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