Jindal PolyPack, a wholly owned subsidiary of Indian conglomerate Jindal PolyFilms, has acquired 100 percent shareholding of labelstock manufacturer SMI Coated Products for 25 million USD. As per reports, SMI had recorded a turnover of 35 million USD in FY 2020-21. The equity value payment by Jindal PolyPack to SMI would be 99.65 around …
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