JCT ELECTRONICS IN SECURITISATION MODE FOR FUNDS

Article Abstract:

JCT Electronics of the MM Thapar group plans to raise Rs50 crore through securitisation of its sales in 3-4 months. It is facing a shortage of working capital due to the decision of its partner, Hitachi, not to invest any more funds in JCT Electronics. JCT Electronics may also seek loans from banks, financial institutions and Hitachi. Hitachi has about 7 percent stake in JCT Electronics. JCT Electronics has a debt-equity ratio of 2.5:1 at about Rs250 crore and Rs100 crore. It is involved in the colour TV segment. (kvr)

Japan, Financial management, Other Electrical Equipment and Component Manufacturing, Electronics, Hitachi Ltd., JCT Electronics

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PHARMA COS GET BOOSTER SHOT WITH 74% FOREIGN EQUITY

Article Abstract:

The government has decided to allow automatic approval for 74 percent foreign equity in the pharmaceutical sector against 51 percent at present. It has also promised price control relaxations and benefits for research and development. Companies who have foreign equity levels of less than 74 percent will now not have to approach the authorities for licensing, each time a new product is to be launched. (khr)

United States, Market information - general, Drug stores and proprietary stores, Pharmacies and Drug Stores, Drug Stores, Drugstores

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