JBF Industries Ltd has informed that the Company has entered into MOU with CVCIGP II Client Rosehill Ltd, Mauritius and their affiliates (which are within the structure of Citigroup Venture Capital International Growth Funds, managed by Citigroup) whereby they have agreed to invest a sum of USD 118 million into JBF Global Pte Ltd, Singapore, subsidiary of our Company by way of fully convertible securities.
These funds will be used for the purpose of expanding international business of the Company and acquiring or investing in overseas projects.
JBF is run by a conviction to make a mark in the Indian Polyester Industry with its total commitment to achieve customer satisfaction through continuous upgradations & innovations backed by the unmoving faith which our vendors / suppliers had in us to help us achieve the aspirations of our customers and least but not the last the professionalism and team work of our employees.
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