May 06, 2013, 10.47 AM IST
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 December 11, 2013, at 13:53 hrs Jindal Poly Films was quoting at Rs 146.70, down Rs 1.4, or 0.95 percent. The 52-week high of the share was Rs 191.15 and the 52-week low was Rs 105.50.
The company's trailing 12-month (TTM) EPS was at Rs 4.62 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 31.75. The latest book value of the company is Rs 420.82 per share. At current value, the price-to-book value of the company is 0.35.
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