Jindal Poly, Arham in race for Sandesaras' Sterling SEZ
On July 16, 2018, the Mumbai bench of the National Company Law Tribunal (NCLT) admitted the insolvency resolution petition filed by Srei Infrastructure Finance after the borrower defaulted on its dues. Subsequently, the company was admitted for liquidation on October 18, 2021, in the absence of any viable resolution plan.
Jindal Poly Group company minority shareholders seek forensic audit
The shareholders' group has sought removal of existing directors Shailendra Sinha, Vinod Kumar Gupta, Sanjiv Kumar Agarwal, Rathi Binod Pal and Sonal Agarwal on the grounds that they did not perform their fiduciary duties.
ONGC, Indian Oil to make joint bid for JBF Petrochemicals
ET had first reported on May 27 that Reliance Industries, HPCL-Mittal Energy, Jindal Poly Films, Gail, Jindal Power, MCPI Ltd, and a consortium of ONGC and Indian Oil have submitted expressions of interest (EoI) for JBF Petrochemicals.
JBF Petro lenders extend deadline to get better value
Public sector companies GAIL and an ONGC-Indian Oil consortium are likely to compete with Reliance Industries, HPCL-Mittal Energy, Jindal Poly and Kolkata-based MCPI according to the expressions of interest (EoIs) lenders received.
Sagar Cements seen leading race for Jaypee Group's Andhra Cements
Deloitte-backed RP Nirav Pujara has admitted ₹1,356 crore by way of claims from financial creditors. Sagar Cements would have to shell out more if it were to acquire Andhra Cements outside the ambit of the Insolvency and Bankruptcy Code, one of the persons cited above said.
Jindal Poly Films: The company has acquired 100% shares of Jindal India Solar Energy and consequent thereof Jindal India Solar became wholly-owned subsidiary.
GRM Overseas: Promoters acquired 23,802 equity shares in the company via open market transaction, increas......read more
Jindal Poly Films plans sale of minority stake to raise about Rs 1,200 cr
Investment bank Rothschild has been hired to run the sale process of the New Delhi-based packaging films player, two people aware of the development said.
Jindal Poly Films is currently trading at Rs. 438.00, up by 7.70 points or 1.79% from its previous closing of Rs. 430.30 on the BSE.
The scrip opened at Rs. 441.00 and has touched a high and low of Rs. 442.00 and Rs. 438.00 respectively. So far 464 shares were traded on the coun......read more