06-08-2023 12:41 PM | Source: Accord Fintech
Jindal Poly Films zooms on inking pact to acquire 100% stake in JPF Netherlands Investment
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Jindal Poly Films is currently trading at Rs. 725.00, up by 52.50 points or 7.81% from its previous closing of Rs. 672.50 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 740.00 and Rs. 700.00 respectively. So far 67192 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.05 on 03-Aug-2022 and a 52 week low of Rs. 485.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 740.00 and Rs. 665.40 respectively. The current market cap of the company is Rs. 3206.70 crore.

The promoters holding in the company stood at 74.55%, while Institutions and Non-Institutions held 3.43% and 22.02% respectively.

Jindal Poly Films has entered into an agreement on June 06, 2023 to acquire the 100% shareholding of JPF Netherlands Investment B.V. a Netherlands based entity, which is engaged into the business of packaging films business through its three operational wholly owned subsidiaries based out of France, Italy, and United Kingdom. These operational entities are into the business of manufacturing of specialty, nylon, coated and metalized films and laminates. The products are mainly used as flexible packaging in foods, pharma, and luxury industry.

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.