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Jindal Poly Films to raise Rs 250 crore through private placement basis

03 Feb 2014 Evaluate

Jindal Poly Films has received an approval for raising of funds to the tune of Rs 250 crore through issue of Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis. The board of directors at its meeting held on February 01, 2014 approved for the same.

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.

Peers
Company Name CMP
Vardhman Textiles 535.60
Welspun Living 229.45
Arvind 529.00
Raymond Lifestyle 574.15
K.P.R. Mill 1123.35
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