Madelin Enterprises Private Limited acquired 85.5% stake in JBF Global Pte. Ltd from JBF Industries Limited.

JBF Industries Limited is an India-based company, which is engaged in the business of producing polyester based products. The Company is engaged in the business of polyester chips, polyester yarn and processed yarn. Its products include partially oriented yarn (POY), polyester (biaxially oriented polyethylene terephthalate) film and also various types of bottle grade, film grade and textile grade polyester chips.