Announced Wed, 22 Jul · 19:31 IST
Jindal Poly Films to strike off UK step-down subsidiary
Strategic Transactions View source PDF
JINDALPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹651.90
prior close
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base price
After-mkt
timing
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AI summary
Jindal Poly Films will strike off JPF API Laminates UK Limited, its step-down subsidiary held via JPF Netherlands Investment B.V. The UK entity contributed only Rs 0.52 Crore (0.01 percent) to revenue and has a negative net worth of Rs 25.96 Crore. It is not a material subsidiary of the company.
Likely market impact
Minimal financial impact as the unit is non-material and loss-making. Helps streamline overseas corporate structure.