TFS Corporation Limited (ASX:TFC) has settled a $24 million investment in the company’s Beyond Carbon sandalwood plantation.
The sandalwood company says it will manage 400 hectares of Indian Sandalwood plantations for the new insititutional investor.
CEO Frank Wilson says the deal increases the total number of institutional Beyond Carbon investors to five.
And he says it is an endorsement of the appeal of the Beyond Carbon product to major institutional investors.
TFS reported a net profit of $82.49 million in the 2014 financial year.
