Jindal Worldwide has acquired 1 crore equity shares of Rs 10 each at par aggregating to Rs 10 crore of Goodcore Spintex. Consequent to the said investment and further to the receipt of the intimation letter dated May 03, 2022 for approval of Allotment of Shares and Transfer of Shares from Goodcore Spintex, Jindal Worldwide becomes the shareholder of Goodcore Spintex with 100% stake of Equity Share Capital of the said company, and as a result Goodcore Spintex, has become the Wholly Owned Subsidiary Company. The said acquisition is for better expansion of business and to further strengthen the position of the company in the spinning segment of textile industry.
Jindal Worldwide engages in the manufacture, sale, and export of made ups and fabrics in India.
