Board of Jindal Poly Films approves increasing borrowing limit up to Rs 5000 cr

At meeting held on 26 December 2016

Jindal Poly Films announced that the Board of Directors of the company at its meeting held on 26 December 2016 approved the following -

Increase in borrowing limits of the company from Rs 4000 crore to Rs 5000 crore.

Creation of charge on assets of the company within increased borrowing limits upto Rs 5000 crore.

Approval for issue of further shares by Company's 51% subsidiary - JPF Netherlands to other investors.

Issue of non-convertible debentures by the Company upto Rs 500 crore.

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