Deshbandhu Group has received foreign direct investment worth Tk 4,500 crore for restructuring its bank loans from global investment management firm Baker Tilly JFC Group, said a press release.
The firm has already pledged more than 1 billion euros in long-term financing under an investment agreement with Deshbandhu Group.
In the first phase, Deshbandhu Group鈥檚 outstanding loans will be restructured under the Bangladesh Bank鈥檚 One-Time Exit Policy (BRPD Circular No 13, dated July 8, 2024).
As per agreement, Baker Tilly JFC Group will manage repayment of the existing loans 鈥� excluding interest and penalties 鈥� thereby easing the high interest burden on Deshbandhu Group.
Deshbandhu Group additional managing director and chief financial officer MA Bashir Ahmed will oversee the overall process of this investment.聽
