Brookfield takes minority stake in JFPL packaging films biz for Rs 2,000 cr

The brookfield buying minority stake in JFPL will result in JPFL carving out its packaging films business, which generates approximately 85% of its total revenue, into a wholly owned subsidiary

Jindal Poly Films Limited (JFPL) announced on Thursday that it has signed an agreement for the sale of a minority stake in its packaging films business to Brookfield Asset Management in a Rs 2,000 crore deal.

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.

The structured equity investment in JPFL consists of compulsory convertible preference shares and equity shares of the