Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2011, inter alia, approved a proposal to buy-back equity shares of Rs. 10.00 each which will be less then 10% of paid up equity capital and free reserve of the company at a price not exceeding Rs. 350/- per equity share and the total amount of consideration not exceeding Rs. 140.00 crore from the open market through stock exchanges.Source : BSE