Jindal Worldwide Ltd

Jindal Worldwide Sells 51% Stake in Goodcore Spintex – Key Financial Impact 📊

- Jindal Worldwide sold 51% stake in Goodcore Spintex for ₹12.75 crore.

- Post-sale, ownership drops from 100% to 49%.

- Buyer: Mr. Yamunadutt Amilal Agarwal (promoter of Jindal Worldwide).

- Transaction is arm's length, despite being a related-party deal.

- Goodcore Spintex contributed 11.02% to consolidated turnover & 10.59% to profit (March 2025).

- Net worth contribution: 3.14% of Jindal Worldwide’s consolidated net worth.

- Deal completed on August 6, 2025.

- Goodcore Spintex is no longer a wholly-owned subsidiary.