Suggesting entry exit levels will be very difficult because the picture is very hazy at this time. A very volatile , high risky stock not advised for any small investor. The liquidity is very less so the operators can take it in any direction anytime. You could wait till there is any major annoucement from the company regarding SEZ stakes. The changing of the stock from TT to rolling category could improve fund inflow in the stock so could stop its circuit habit, uc or lc but direction of the stock could still remain unpredictible. Only the very brave hearts should sail this boat. Could give excellent returns or blow your capital.
Jai Corporation
- Thread starter jnj333
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nine out ten or nineteen out twenty times, such targets are fed into the market, Any rally above 150 % of sector PE is called ' SUCKERs RALLy' unless backed by clear proofs and visibilty of earniNgs.
Also remember just like stop loss , one should not hesitate in applying "STOP GAIN". aS THEY SAY ' NO ONE GOES BANRUPT BY TAKING PARTIAL PROFIT '
Also remember just like stop loss , one should not hesitate in applying "STOP GAIN". aS THEY SAY ' NO ONE GOES BANRUPT BY TAKING PARTIAL PROFIT '
ECONOMIC TIMES 13-3-2007
Anand Jain co invests Rs 1,102 cr in realty
Rajesh Unnikrishnan MUMBAI
ANAND Jain-promoted Urban Infrastructure Opportunity Fund (UIOF) has concluded 13 real estate deals with an investment of Rs 1,102 crore during the past few months. UIOF, backed by Reliance Industries (RIL) among others, has picked up equity varying from 10% to 50% in projects across India. UIOF had raised Rs 2,221 crore from a clutch of brokerages, high networth individuals and corporates, to invest in real estate and projects in special economic zones (SEZs). UIOF has a fund raising target of Rs 5,000 crore.
“The fund has adopted a fairly derisked investment strategy by spreading its resources across different segments of the real estate sector in various cities across the country,” UIOF sources said.
The investments are spread across various property segments like commercial, IT park, hospitality and retail. The fund has invested in Mumbai, Chennai, Hyderabad, Nashik, Jodhpur, Pune, Mohali, Bangalore and Nashik.
When contacted, UIOF chief investment officer Tushar Sarda declined to give specific details on the projects in which the fund has picked up equity. “Many projects are in infancy stage, land acquisition is happening in some other projects. At this stage, we cannot divulge details on the projects,” he said.
However, it is learnt that UIOF has picked up majority stake in three commercial and retail projects in Mumbai, two hospitality and commercial projects in Chennai, two residential and commercial projects in Bangalore and a residential and retail project in Pune.
Of the total investment, UIOF has 27% exposure in Bangalore while it has 24% investment in Mumbai. In the cities like Panchkula, Chennai, Hyderabad and Nashik the fund has investment exposure of 11%, 10%, 9% and 8%, respectively.
Industry sources said the leading investors in UIOF include the Enam group with about Rs 500 crore and Hemendra Kothari, vice-chairman of Merrill Lynch International, with about Rs 75 crore. Reliance Industries (RIL) is believed to have invested about Rs 200 crore.
Sources said Anand Jain has promoted the fund to invest in real estate development and SEZ projects across the country. The fund is targeting a 20% internal rate of return and will use the opportunities thrown up by the SEZ proposed by RIL. Its investment managers are also targeting a 20% return with a 9% return to outside investors.
rajesh.unnikrishnan@timesgroup
Anand Jain co invests Rs 1,102 cr in realty
Rajesh Unnikrishnan MUMBAI
ANAND Jain-promoted Urban Infrastructure Opportunity Fund (UIOF) has concluded 13 real estate deals with an investment of Rs 1,102 crore during the past few months. UIOF, backed by Reliance Industries (RIL) among others, has picked up equity varying from 10% to 50% in projects across India. UIOF had raised Rs 2,221 crore from a clutch of brokerages, high networth individuals and corporates, to invest in real estate and projects in special economic zones (SEZs). UIOF has a fund raising target of Rs 5,000 crore.
“The fund has adopted a fairly derisked investment strategy by spreading its resources across different segments of the real estate sector in various cities across the country,” UIOF sources said.
The investments are spread across various property segments like commercial, IT park, hospitality and retail. The fund has invested in Mumbai, Chennai, Hyderabad, Nashik, Jodhpur, Pune, Mohali, Bangalore and Nashik.
When contacted, UIOF chief investment officer Tushar Sarda declined to give specific details on the projects in which the fund has picked up equity. “Many projects are in infancy stage, land acquisition is happening in some other projects. At this stage, we cannot divulge details on the projects,” he said.
However, it is learnt that UIOF has picked up majority stake in three commercial and retail projects in Mumbai, two hospitality and commercial projects in Chennai, two residential and commercial projects in Bangalore and a residential and retail project in Pune.
Of the total investment, UIOF has 27% exposure in Bangalore while it has 24% investment in Mumbai. In the cities like Panchkula, Chennai, Hyderabad and Nashik the fund has investment exposure of 11%, 10%, 9% and 8%, respectively.
Industry sources said the leading investors in UIOF include the Enam group with about Rs 500 crore and Hemendra Kothari, vice-chairman of Merrill Lynch International, with about Rs 75 crore. Reliance Industries (RIL) is believed to have invested about Rs 200 crore.
Sources said Anand Jain has promoted the fund to invest in real estate development and SEZ projects across the country. The fund is targeting a 20% internal rate of return and will use the opportunities thrown up by the SEZ proposed by RIL. Its investment managers are also targeting a 20% return with a 9% return to outside investors.
rajesh.unnikrishnan@timesgroup
Jai Corp Announcement on BSE:
Jai Corp Ltd has informed BSE that Urban Communications Infrastructure Pvt Ltd and Urban Infotech Solutions Pvt Ltd have become subsidiaries of the Company on account of the Company buying shares in these Companies.
http://www.bseindia.com/qresann/news.asp?newsid={49CF9D6D-9FC9-4ED2-8393-A37376B54529}
Jai Corp Ltd has informed BSE that Urban Communications Infrastructure Pvt Ltd and Urban Infotech Solutions Pvt Ltd have become subsidiaries of the Company on account of the Company buying shares in these Companies.
http://www.bseindia.com/qresann/news.asp?newsid={49CF9D6D-9FC9-4ED2-8393-A37376B54529}
Here is news about JAI CORP fund being a co-promoter of 43 acre project at Anna Nagar, Chennai - reported in THE HINDU 19-3-2007
Property development, the Ozone Propex way
Marketing dome being set up in Chennai
The group will remain focussed in the South and on property development. It is also planning to look at the hospitality sector in a big way.
OZONE PROPEX Private Ltd., a Bangalore-based property development entity, is planning a `mixed use' project, close to the upcoming international airport in Bangalore.
The project will come up on a 167-acre site.
S. Vasudevan, Managing Director of the Ozone Group, said the Bangalore project would have an R&D campus for use by companies in retail and alternative fuel fields, residential apartments and hospitality component.
In an interaction with this correspondent, he said the group had chosen `development of destinations' as its mission.
In its wake, it had also lined up a luxury resort project in Goa on a 180-acre land.
Private jetty
The group, he said, was planning to build a private jetty along the Mandovi River to help dock private boats. The Goa project would comprise luxury villas, high-end spa and a Golf course among others. The group was planning a project in Kochi too. This one would come up on a 300-acare land, close to the proposed international airport.
The Managing Director said each project would be implemented through an independent SPV (special purpose vehicle).
Giving an overview of the group's vision for 2012, Mr. Vasudevan he said Ozone was looking at sales of Rs. 10,000 crore and a profit of Rs. 1,500 crore by then. Asserting that the group would remain focussed in the South and on property development, he said Ozone was planning to look at the hospitality sector in a big way. The group outsourced every bit of activity except land acquisition, he said.
Chennai project
On the Chennai Metro Zone project, which is coming up on a 43-acre space at Anna Nagar, he said it would be implemented in three phases. The entire project would be completed in 42 months from May this year.
It would comprise 1.2 million sq. ft. of retail space, 2.50 lakh sq. ft. of hotel, two lakh sq. ft. of office buildings and 4.2 million sq. ft. of residential apartments. Taking into consideration the 2.5 million car parking space below the ground, the Anna Nagar project would perhaps see the largest volume of constructed space (at 8.5 million sq. ft.) in a single location, he said.
The group has floated an SPV in the name and style of Ozone Projects Pvt. Ltd. to implement the Chennai project. HDFC Venture Fund holds 25 per cent stake in the Rs. 300-crore equity of the company.
Reliance Land (Anil Ambani Group) holds 19 per cent, Urban Infrastructure Opportunities Fund (part of the Mukesh Ambani Group) 14 per cent, Ruchi Infrastructure 7 per cent and Ozone Propex Private Ltd. 35 per cent.
The total cost of the project would be around Rs. 1,600 crore including land cost of Rs. 300 crore and construction cost of Rs. 1,200 crore. The company had gone in for a combination of convertible debentures and vanilla debt to finance part of the project cost. The balance would be funded through sale of prospective units, he said.
Mr. Vasudevan also hinted at the SPV hiving off retail, hospitality and commercial components of the project into independent companies. He indicated that the SPV could dilute its holdings by inducting partners into these independent entities. "We will provide a great degree of options to buyers of residential apartments,'' he said. In this context, he said the SPV was building a 40,000 sq. ft. marketing dome at the site to showcase the degree of customisation that people could get from Ozone.
K. T. JAGANNATHAN
Property development, the Ozone Propex way
Marketing dome being set up in Chennai
The group will remain focussed in the South and on property development. It is also planning to look at the hospitality sector in a big way.
OZONE PROPEX Private Ltd., a Bangalore-based property development entity, is planning a `mixed use' project, close to the upcoming international airport in Bangalore.
The project will come up on a 167-acre site.
S. Vasudevan, Managing Director of the Ozone Group, said the Bangalore project would have an R&D campus for use by companies in retail and alternative fuel fields, residential apartments and hospitality component.
In an interaction with this correspondent, he said the group had chosen `development of destinations' as its mission.
In its wake, it had also lined up a luxury resort project in Goa on a 180-acre land.
Private jetty
The group, he said, was planning to build a private jetty along the Mandovi River to help dock private boats. The Goa project would comprise luxury villas, high-end spa and a Golf course among others. The group was planning a project in Kochi too. This one would come up on a 300-acare land, close to the proposed international airport.
The Managing Director said each project would be implemented through an independent SPV (special purpose vehicle).
Giving an overview of the group's vision for 2012, Mr. Vasudevan he said Ozone was looking at sales of Rs. 10,000 crore and a profit of Rs. 1,500 crore by then. Asserting that the group would remain focussed in the South and on property development, he said Ozone was planning to look at the hospitality sector in a big way. The group outsourced every bit of activity except land acquisition, he said.
Chennai project
On the Chennai Metro Zone project, which is coming up on a 43-acre space at Anna Nagar, he said it would be implemented in three phases. The entire project would be completed in 42 months from May this year.
It would comprise 1.2 million sq. ft. of retail space, 2.50 lakh sq. ft. of hotel, two lakh sq. ft. of office buildings and 4.2 million sq. ft. of residential apartments. Taking into consideration the 2.5 million car parking space below the ground, the Anna Nagar project would perhaps see the largest volume of constructed space (at 8.5 million sq. ft.) in a single location, he said.
The group has floated an SPV in the name and style of Ozone Projects Pvt. Ltd. to implement the Chennai project. HDFC Venture Fund holds 25 per cent stake in the Rs. 300-crore equity of the company.
Reliance Land (Anil Ambani Group) holds 19 per cent, Urban Infrastructure Opportunities Fund (part of the Mukesh Ambani Group) 14 per cent, Ruchi Infrastructure 7 per cent and Ozone Propex Private Ltd. 35 per cent.
The total cost of the project would be around Rs. 1,600 crore including land cost of Rs. 300 crore and construction cost of Rs. 1,200 crore. The company had gone in for a combination of convertible debentures and vanilla debt to finance part of the project cost. The balance would be funded through sale of prospective units, he said.
Mr. Vasudevan also hinted at the SPV hiving off retail, hospitality and commercial components of the project into independent companies. He indicated that the SPV could dilute its holdings by inducting partners into these independent entities. "We will provide a great degree of options to buyers of residential apartments,'' he said. In this context, he said the SPV was building a 40,000 sq. ft. marketing dome at the site to showcase the degree of customisation that people could get from Ozone.
K. T. JAGANNATHAN
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