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In a post-market hours disclosure, JBF Industries informed the exchages that its board has approved the allotment of 1.64 crore shares to Singapore-based global private equity investor KKR Jupiter Investors Pte Ltd at ₹300 each on preferential basis. In July this year, JBF had said KKR Jupiter will invest $150 million in the Indian polyester products manufacturer and its subsidiary for a 20 per cent stake. Investors will track the development.
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