Cresta Fund has sold 4 lakh shares of JBF Industries through the open market route. The shares were sold on an average price of 194.70 valuing the transaction to Rs 7.79 crore.
JBF Industries is engaged in the manufacturing of polyester chips, partially oriented yarn and polyester processed yarn/specialty yarn at its plants at Silvasa in the Union Territory of Dadra and Nagar Haveli and at Valsad (Gujarat). The company is one of the leading names in Polyester business in India.