Brookfield takes minority stake in Jindal Films

Jindal Poly Films Limited (JFPL) announced that it has signed an agreement for the sale of a minority stake in its packaging films business to Brookfield Asset Management.

The transaction will result in JPFL carving out its packaging films business, which generates approximately 85 per cent of its total revenue, into a wholly-owned subsidiary in which BSI will hold a minority stake. JPFL will continue to own its non-woven business unit and other corporate assets.