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JCT to repay $20.74 million to FCCB holders

04 Jun 2015 Evaluate

JCT has agreed to repay all amounts due towards the remaining FCCBs aggregating to $ 20,744,217 and payable in 10 installments starting from October 2015 to December 2017. The company has settled with the Bondholders for payment of the dues, in full, of the outstanding Foreign Currency Convertible Bonds (FCCBs) subject to the terms and conditions of the Consent Terms which have been signed by the Company with the bondholders, the Trustee and simultaneously filed before the Hon'ble High Court of Punjab and Haryana at Chandigarh on June 03, 2015. Pursuant to the Consent Terms, the Company

JCT, one of the leading manufacturers of textiles and filament yarn, is the flagship company of Thapar Group. With operations in two distinct businesses -- cotton, synthetic & blended textiles and nylon filament yarn -- JCT is a market driven company fuelled by good work ethic, values and a high standard of performance.

JCT Share Price

1.21 0.00 (0.00%)
30-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 134.40
Vardhman Textiles 615.70
Arvind 434.80
K.P.R. Mill 936.55
Page Industries 35215.00
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