VCCircle

Filament maker JCT Ltd is planning to raise $25 million either through private equity or by issuing FCCBs to foreign investors, report agencies, quoting Sanjiva Jain, Vice President (Finance). The Thapar group company is in advanced talks with the investors and a decision is likely in four to six weeks.The Rs 600-company is planning a 100 per cent synthetic plant for the requirement of sportswear and leatherwear manufacturers. It also has a tie-up with Nike for supplying products to them. (Via BharatTextile.com)