Jai Corporation

[jnj333]

Ahoh!!!!

Full speed ahead!!!!

Hold On!!!!

 

[jnj333]

Urban Infrastructure Real Estate Fund (UIREF) is targeting to raise USD 500 Mn
The Fund will be based in Mauritius with feeders based in Jersey
The Fund aims to invest in the Real Estate Sector in India
Fund tenure: 8 years
Urban Infrastructure Capital Advisors, Mauritius is the Investment Manager to the Fund
Urban Infrastructure Venture Capital Pvt Ltd (UIVCL) is the Indian Advisor to the Investment Manager to
the Fund
Jai Corp Group is the promoter / sponsor of UIVCL
Jai Corp Group and Reliance Group will invest up to 1/9th of the funds raised by UIREF Mauritius in a
domestic fund, UIREF India
UIVCL / UIREF India will invest 1/9th of the amount invested by UIREF Mauritius in the Indian entities
Urban Infrastructure Venture Capital Pvt Ltd (UIVCL)
Investment manager to Urban Infrastructure Opportunities Fund (UIOF) the largest
Venture Capital Fund scheme in India
UIOF received commitment of USD 500 Mn from 750 investors
UIOF has committed USD 245 million in 13 projects for development of total built-up space of
70.2 million sq ft

Jai Corp Group is a co-promoter of Indias largest SEZ - Navi Mumbai SEZ Pvt Ltd and Mumbai
SEZ Ltd
Jai Corp Group is also co-promoting the Rewas Port Ltd
Anand Jain is Chairman of Navi Mumbai SEZ Pvt Ltd and Mumbai SEZ Ltd

 

[jnj333]

SOURCE - ET 21-08-07

Jai Corp share which had been hitting
the upper end of the 5% intra-day circuit
for the past 16 cons.trading sessions,
ended 2% higher at Rs.6,922.50 on Monday,
as the early birds at the counter decided
to take some money of the off the table
when the going was still good. A total of
71,974 shares changed hands, which was
Much higher than the two week average
Of 20,590 shares. Talk is that the Company
Is expected to handle the entire administrative work
For Reliance Industries MAHA MUMBAI SEZ.
But other than a few savy Investors, who have already
Accumulated the shares at lower levels, nobody has a clue
What the frenzy at the counter is all about. The stock has risen
118% in less than a month. But that could also partly be due to the
Low floating stock, as Promoters own 88% of the Equity.

 

[jnj333]

JAI CORP RECENT ANNOUCEMENTS-

Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 09, 2007, inter alia, has decided the following:

1. Issue of bonus shares in the ratio of 1:1.

2. Alteration / addition in the objects of the Company to engage in infrastructure activity / business.

The above decisions of the Board are subject to shareholders approval and such other necessary permissions, sanctions and approvals as may be required under applicable laws.

Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2007, inter alia, has decided the following:

1. Sub-division of the equity shares from existing face value Rs 10/- per share to a face value of Re 1/- per share.

2. Increasing the authorized share capital from Rs 25 crores to Rs 50 crores.

3. Increasing the borrowing limits of the Company.

4. Issuance of further securities including by way of Qualified Institutions Placement, Follow-on Public Offer and / or raising of funds in international market.

5. Increasing the limit for investment by FIIs to 49% of the paid-up equity capital.

6. Implementation of an Employees Stock Option Scheme.

The above decisions of the Board are subject to shareholders approval and such other necessary permissions, sanctions and approvals as may be required under applicable laws.


Take your own decision to buy or sell this stock. Ask the bears of this stock to give valid Fundamental reasons and long term targets also.

Dig deep to find out Jai corp's holding in Rewas port, Maha Mumbai Sez, Navi Mumbai Sez, various Reality Projects in hand (rivaling Land bank of Unitech/DLF) and THEN take your own call.

 

[manish_sat]

This story I have read so many times...
still I would say good level is 4K-5K

dont try to enter now...other wise u can be in trouble

 

[jnj333]

Right now Book Closure is there, so no delivery period. Operators making merry and creating negative sentiments to snatch shares. Will change soon.

I dont advise anyone to trade this one. This is for long term. Buy and Hold for atleast a year to bear the fruit.

My view, Take your own call.

 

[rrdesai_goa]

What about the disclosure by the company to BSE that Anand Jain holds less than 2% of the stake?

 

[jnj333]

What about the disclosure by the company to BSE that Anand Jain holds less than 2% of the stake?

Kindly Check the complete facts - Anand Jain may hold only 2% but holding of the entire Jain Family (His wife,sons, their wifes etc.) who are termed as the promoters of the company is about 87% (Official) +_____?

By the way Jai is back to UC as on 1200hrs

 

[rrdesai_goa]

Hi jnj

thanks for the clarification.

 

[jnj333]

Buy Call for Jai Corp, who have not entered till now, Should have holding capacity of atleast One year.