Buzz of European acquisition fuels Jindal Poly Films

Jindal Poly Films, India’s largest polyester-based packaging film company, has soared on the bourses and gained as much as 15% on the NSE at 1120 hours.

A news report revealed that the company is in talks with DuPont Films (DTF) and they are planning to buy the operations of the company for 2000 crore. 

DTF is an equal joint venture between the two leading chemicals companies. DTF was set up in 2000 at 50:50 joint venture between DuPont and Japan’s Teijin.

The BC Jindal Group flagship company, Jindal Poly is India’s largest producer of BOPET and BOPP films, which is a derivative of the petrochemical industry. BOPET and BOPP are usually used in the packaging industry.

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About Suhani Varma

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