Marking a significant development in Bangladesh’s industrial and financial sectors, Deshbandhu Group is set to bring in foreign direct investment (FDI) worth about $370 million.
The group also plans to restructure its bank loans through this funding, which amounts to over Tk 45 billion. This direct investment is expected to play an important role in boosting the national economy, says a statement.
The initial phase of this investment is being made by American investors, under the management of the globally renowned investment management firm Baker Tilly JFC Group.
The firm has already pledged more than one billion euros in long-term financing under an investment agreement with Deshbandhu Group.
In the first phase, Deshbandhu Group’s outstanding loans will be restructured under Bangladesh Bank’s One-Time Exit Policy. As per the agreement, Baker Tilly JFC Group will manage repayment of the existing loans excluding interest and penalties, thereby easing the high interest burden on Deshbandhu Group.
A senior official from Baker Tilly JFC Group commented, “Deshbandhu Group is one of Bangladesh’s leading industrial conglomerate with a strong foundation. This investment, managed by Baker Tilly JFC Group, will further strengthen Deshbandhu’s capabilities and significantly enhance international confidence in Bangladesh.”
Based on Bangladesh Bank’s support, the outstanding loan amounts (principal and interest separately) will be verified as of June 30, 2025, after which further steps will be taken.
On June 16, Baker Tilly JFC Group sent an official letter to the Governor of Bangladesh Bank. In the letter, the firm requested coordination with the relevant banks to confirm Deshbandhu Group’s principal and interest liabilities by June 30, 2025, in order to begin loan acquisition by bringing in investment.
Deshbandhu Group’s Additional Managing Director and CFO M.A. Bashir Ahmed will oversee the overall process of this investment. If successful, this initiative will be a milestone in attracting FDI and loan restructuring in Bangladesh’s industrial sector.