title=

Jindal Poly Films shares were last trading 1.93% at Rs 963.65 on BSE.

Jindal Poly Films’ share price gained around 2% on Friday, August 27, after the company acquired 100% of the shares of Jindal India Solar Energy. Jindal Poly Films opened on BSE at Rs 950 on Friday, hitting an intra-day high of Rs 985.45 and an intra-day low of Rs 950, during the trading session so far. After acquiring 100% of the shares, Jindal India Solar Energy is now a wholly owned subsidiary of the company.

The acquisition cost or the price at which the shares are acquired is Rs 5 lakhs, according to a regulatory filing by Jindal Poly Films with the stock exchanges yesterday. Jindal India Solar Energy was incorporated on December 17, 2020 and was known as Jindal Plastic Films Limited.

The name was changed to Jindal India Solar Energy at a later stage. Since its creation, Jindal India Solar Energy has not done any activity, its turnover is therefore zero, according to the exchange file. The company belongs to the renewable / solar energy sector.

Jindal Poly Films is looking to develop its activities in the renewable energy sector and has therefore acquired 100% of the shares of the company.

Jindal India Solar Energy was a subsidiary of Soyuz Trading Company Limited, which is a promoter of Jindal Poly Films.

On the NSE, Jindal Poly Films opened at Rs 956, recording an intra-day high of Rs 984.95 and an intra-day low of Rs 951, during the session so far. It was last trading 1.98% at Rs 963.95 on the NSE.

Jindal Poly Films shares were last trading 1.93% at Rs 963.65 on BSE.

.