Related Keywords: global investment firm, in Mangalore SEZ, invest in zero coupon, its overseas arm, JBF setting up a PTA plant, KKR, KKR to acquire twenty percent stake, Kohlberg Kravis &, Mumbai based polyester maker, signed definitive agreement, support the Make in India campaign, with JBF Group
Kohlberg Kravis & Roberts (KKR), one of the global investment firm in the world, has signed a definitive agreement to invest $150 million (Rs 962 crore) into JBF Group a Mumbai-based polyester maker and its overseas arm. A portion of the proceeds will be used by KKR to acquire 20 percent stake in JBF Industries and will also invest in zero-coupon compulsorily convertible preference shares with 14.5 per cent voting rights in its Singapore-based wholly owned subsidiary JBF Global Pte Ltd.
