Universus Photo Imagings to Subscribe to Equity Shares of JPF Netherlands B.V.
Universus Photo Imagings Limited (formerly JINDAL PHOTO IMAGING LIMITED) has announced a significant corporate action following a Board of Directors meeting held on December 26, 2025. The board approv...
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Why is Universus Photo Imagings Limited in the news today?
Universus Photo Imagings Limited (UNIVPHOTO) is in the news due to the company is exercising an option to subscribe to equity shares of an associate company on a rights basis. while this indicates continued investment and potential growth, the details provided do not suggest an immediate significant positive or negative impact on the company's financials or operations.
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Universus Photo Imagings to Subscribe to Equity Shares of JPF Netherlands B.V.
December 26, 2025, 02:04 PM
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Universus Photo Imagings Limited (formerly JINDAL PHOTO IMAGING LIMITED) has announced a significant corporate action following a Board of Directors meeting held on December 26, 2025. The board approved the company exercising an offer to subscribe to equity shares of JPF Netherlands B.V. on a rights basis. The meeting commenced at 02:30 P.M. and concluded at 07:15 P.M.
JPF Netherlands B.V. is an associate company engaged in the manufacturing of BOPP and other flexible packaging films. Its turnover for FY 2024-25 was Euro 492.65 million (₹4132.96 crore). The acquisition, being done on an arm's length basis via a rights issue, is expected to be completed within a tentative timeframe of 1-2 months. The cost of acquisition is Euro 3 per share under the rights issue, and Universus Photo Imagings Limited currently holds a 39.87% shareholding in JPF Netherlands B.V.
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