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JCT rises on plan to repay $20.74 million to FCCB holders

05 Jun 2015 Evaluate

JCT is currently trading at Rs. 3.00, up by 0.02 points or 0.67% from its previous closing of Rs. 2.98 on the BSE.

The scrip opened at Rs. 3.08 and has touched a high and low of Rs. 3.10 and Rs. 2.95 respectively. So far 46050 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2.5 has touched a 52 week high of Rs. 5.29 on 07-Nov-2014 and a 52 week low of Rs. 2.40 on 01-Sep-2014.

Last one week high and low of the scrip stood at Rs. 3.49 and Rs. 2.55 respectively. The current market cap of the company is Rs. 167.59 crore.

The promoters holding in the company stood at 40.10% while Institutions and Non-Institutions held 19.47% and 40.43% respectively.

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 133.55
Vardhman Textiles 583.40
Arvind 434.50
K.P.R. Mill 934.35
Page Industries 36772.10
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