Jindal Photo: Bombay HC approves scheme of arrangement

  • India Infoline News Service |
  • 04 Mar, 2016 |
  • 4:44 PM
News Newspaper Text
Jindal Photo Ltd has announced that Bombay High Court in its hearing held on February 26, 2016 has sanctioned the Scheme of arrangement among Jindal Photo Ltd and Jindal Poly Films Limited and their respective shareholders and creditors. Certified copy of the Order is awaited and will be submitted to you as soon as the same is received by the Company.
Further, aforesaid scheme has already been approved by the Allahabad High Court in its hearing held on October 12, 2015.

The scrip opened at Rs. 157.9 and touched a high and low of Rs. 162 and Rs. 155.4 respectively. A total of 16602(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 156.16 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 217 on 20-Nov-2015 and a 52 week low of Rs. 111.8 on 09-Jun-2015. Last one week high and low of the scrip stood at Rs. 167.9 and Rs. 123.6 respectively.
The promoters holding in the company stood at 72.72 % while Institutions and Non-Institutions held 0.02 % and 27.26 % respectively.
The stock traded below its 200 DMA.

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