India’s Jindal Poly Mulls Sale of $1 Billion European Arm
- Indian packaging film company is working with adviser
- Firm sends initial marketing materials to potential bidders
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Jindal Poly Films Ltd., the Indian packaging films company backed by the sprawling billionaire Jindal family, is exploring a sale of its European-based business, people familiar with the matter said.
The company is working with an adviser on the potential divestment of Luxembourg-based Jindal Films Europe Sarl, which could be worth as much as $1 billion, said the people. It has sent initial marketing documents to private equity firms and industry players, the people said, asking not to be identified because discussions are private.