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Jindal Poly Films inks pact to acquire 100% stake in Global Nonwovens

27 Mar 2023 Evaluate

Jindal Poly Films has entered into Share Purchase Agreement with Henko Commodities on March 27, 2023 to purchase 100% shareholding of Global Nonwovens (GNL), consequent to which, GNL will become a Wholly Owned Subsidiary of the 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 569.20
Welspun Living 225.00
Arvind 555.15
Raymond Lifestyle 688.00
K.P.R. Mill 1132.60
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