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Jindal acquires SMI for Rs 195 cr

April 30, 2022

Polyfilm manufacturers are on the ascendancy. The latest news is, Jindal PolyPack, a wholly owned subsidiary of Indian conglomerate Jindal PolyFilms acquiring the entire 100% stake in SMI Coated Products for Rs 195 crores

United Arab Emirates Jebel Ali Rohit Mehta Jindal Polypack Jindal Polyfilm Jindal Polyfilms

Source: printweek.in

Jindal Poly Films acquires SMI Coated Products

April 29, 2022

SMI had recorded turnover of 273 crores INR (35.6 million USD) in FY 2020-21. The equity value payment by Jindal PolyPack to SMI would be 99.65 crores INR (around 13 million USD) after adjustment of net debt and debt like items, Capital Market reported.

Jindal Polypack Jindal Poly Films Capital Market Labels Amp Labeling Abel And Package Printing Industry L Amp

Source: labelsandlabeling.com