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JCT receives CDR Cell approval for financial restructuring proposal

03 Oct 2012 Evaluate

JCT’s financial restructuring proposal has been approved by the Corporate Debt Restructuring Cell (CDR Cell). The company is now pursuing with the banks for implementation of the scheme.

As per the proposal, the company had asked for re-schdulement of term loans, reduction in interest rates, extension of additional working capital limits by banks, infusion of funds by the promoters in the form of fresh capital and subordinate debt in the company and settlement of NPV loss banks by way of upfront payment and allotment of equity shares.

JCT, one of the leading manufacturers of textiles and filament yarn, is the flagship company of Thapar Group. JCT was the first textile manufacturer in the country to introduce eco-friendly fabrics made of organic cotton and its textile division was the first in the industry to be accredited with an ISO 9002 certification.

JCT Share Price

1.21 0.00 (0.00%)
30-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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