JBF Inds gets shareholders??? nod for fund raising plan
JBF Industries has received its shareholders??? nod for the proposal to raise fresh funds of up to Rs 300 crore during the extra ordinary general meeting (EGM) held on March 05.
Funds can be raised through various routes including Qualified Institutional Placement (QIP) and/or Global Depository Receipts (GDR) and/or American Depository Receipts (ADR) and/or Foreign Currency Convertible Bonds (FCCBs), among others.
JBF Industries is a manufacturer of polyester texturised and twisted yarn. The company is one of the leading names in the polyester business in India. Its product range includes polyester chips, partially oriented yarn, fully drawn yarn and bottle grade PET.
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