Stock Report

Jindal Poly Films Ltd acquires Global Nonwovens Ltd

Posted On : 2023-03-27 21:14:08( TIMEZONE : IST )

Jindal Poly Films Ltd acquires Global Nonwovens Ltd

Jindal Poly Films Ltd has announced that pursuant to the Share Purchase Agreement entered with HENKO COMMODITIES PVT.LTD. on 27th March, 2023, the Company has purchased 100% shareholding of Global Nonwovens Limited (GNL), consequent to which, GNL will become a Wholly Owned Subsidiary of the Company.

The object of the Target Company i.e. dealing in Non-woven items for Industrial applications is aligned with the objects of the Company.

Shares of Jindal Poly Films Limited was last trading in BSE at Rs. 528.20 as compared to the previous close of Rs. 544.10. The total number of shares traded during the day was 58705 in over 6850 trades.

The stock hit an intraday high of Rs. 554.95 and intraday low of 522.50. The net turnover during the day was Rs. 31834176.00.

Source : Equity Bulls


JindalPolyFilms INE197D01010 SPA Acquisition GlobalNonwovens