India: KKR to fully acquire polyester maker JBF Industries' petrochemical unit

India: KKR to fully acquire polyester maker JBF Industries' petrochemical unit

Photo: Reuters

Private equity firm KKR has agreed to buy a 100 per cent stake in JBF Petrochemicals Ltd from JBF Industries in a move that will prevent the company from being dragged to the bankruptcy court by its lenders.

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