Japan Tobacco to infuse funds in Indian arm
World's third largest tobacco company Japan Tobacco is looking to raise its 50 per cent stake in Indian unit, JTI India, to 74 per cent by buying off partner Brajesh Thakkar's stake. The Indian business of the Japanese major has suffered major losses. Through restructuring, the parent company now wants to bring back the business into profitability. JTI India produces Winston and Gold Coast brand cigarettes.
