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Jindal Poly Films to demerge Investment Division of Company into JPIFC

18 May 2013 Evaluate

Jindal Poly Films has received an approval from High Court of Judicature at Allahabad on May 16, 2013, for Scheme of Demerger of Investment Division of the Company into Jindal Poly Investment and Finance Company (JPIFC).

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. It has the world’s single largest site for production of BOPP and BOPET films at Nasik, India. Its current combined capacity of BOPET and BOPP is 337,000 tons/annum and its annual sales turnover as on March 2012 was $452 million.

Peers
Company Name CMP
Vardhman Textiles 529.75
Welspun Living 239.05
Arvind 534.80
Raymond Lifestyle 628.20
K.P.R. Mill 1071.60
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