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Jindal Poly Films Ltd has purchased 100% shareholding of Global Nonwovens Limited (GNL) via a Share Purchase Agreement, making GNL a wholly owned subsidiary. The target company deals in non-woven items for industrial applications.
“Jindal Poly Films Ltd has announced that pursuant to the Share Purchase Agreement entered with HENKO COMMODITIES PVT.LTD. on 27th March, 2023, the Company has purchased 100% shareholding of Global Nonwovens Limited (GNL), consequent to which, GNL will become a Wholly Owned Subsidiary of the Company.”equitybulls.com
Summarized from public sources; check the original articles before acting on it.