Jindal Poly Films shares rallied nearly nine percent in early trade Monday as the company has struck a deal to acquire Global BOPP films business of US-based ExxonMobil Chemical for USD 235 million.
Flexible packaging films producer says the deal is likely to be closed by July, 2013.
"The transaction covers five BOPP production locations in the US and Europe. Approximately 1500 people work in those operations," according to a release sent to exchanges.
With this acquisition, the combined capacity of the company is approximately 4.45 lakh tonnes per annum for BOPP films.
Jindal PolyFilm stock price
On November 27, 2015, Jindal Poly Films closed at Rs 484.75, down Rs 5, or 1.02 percent. The 52-week high of the share was Rs 612.00 and the 52-week low was Rs 169.00.
The company's trailing 12-month (TTM) EPS was at Rs 47.97 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 10.11. The latest book value of the company is Rs 346.68 per share. At current value, the price-to-book value of the company is 1.40.
Set email alert for
ADS BY GOOGLE
video of the day
Dont see mkt going anywhere now; like Bharat Forge: Dipen