JM Financial ARC, US firm invest $28 mn in textile company
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JM Financial ARC, US firm invest $28 mn in textile company

By Beena Parmar

  • 15 Dec 2020
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JM Financial ARC, US firm invest $28 mn in textile company
Credit: 123RF.com

Homegrown financial services firm JM Financial Ltd’s asset reconstruction arm and a San Francisco, US-based investment firm are picking up a stake in a textile manufacturing unit of Bombay Rayon Fashions Ltd. JM Financial and Think Investments are investing a total of Rs 205 crore ($27.8 million) in BRFL Textiles Pvt. ......

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