Lalbhai Group


IN THE CAPITAL MARKET Lalbhai Group INVESTORS may look forward to an equity issue from the Lalbhai group in September-October 1990. The group under the stewardship of Sanjay Lalbhai is planning a major diversification into the manufacture of video cassettes in collaboration with JVC of Japan. The cost of the project is estimated at Rs 50 crore of which Rs 8 crore would come from the promoters. Term loans and the equity issue will provide the balance of the funds required.