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Jindal Poly Films Limited announced a scheme of arrangement to demerge its Nonwoven Fabrics Business division into its wholly-owned subsidiary Global Nonwovens Limited, effective from April 1, 2025.
“The transaction proposes the demerger of the 'Nonwoven Fabrics Business division (the Demerged Undertaking)' of JPFL with and into GNL on a going concern basis.”mnacritique.mergersindia.com
Summarized from public sources; check the original articles before acting on it.