JCT to raise $50mn via GDRs/FCCBs

The board of directors of JCT, which met today, has cleared a proposal to raise up to $ 50 million by issuing GDRs/FCCBs.

According to a release issued by the company to the BSE today, the meeting also approved the capital expenditure plans at various units of the company to the extent of Rs 230 crore.