JBF Industries Ltd has informed BSE that the Company has concluded financial agreement 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 125 million into JBF Global Pte Ltd., Singapore, subsidiary of the Company by way of fully convertible securities.

Out of the total investment, the first trench of USD 75 million has already been invested in JBF Global Pte Ltd., Singapore and the balance will be invested shortly.

These funds will be used for the purpose of expanding international business of the Company and acquiring or investing in overseas projects.