Jindal Poly Films Limited (JPL) has announced the acquisition of Enerlite Solar Films India, a manufacturer of encapsulation films used in photovoltaic (PV) modules, to strengthen its presence in the solar components space.
The transaction will result in Enerlite becoming a wholly owned subsidiary of JPL. Currently, JPL holds a 33.05 per cent stake in the company. The acquisition is being executed on an arm’s length basis and is expected to be completed within six months, subject to regulatory approvals.