Jai Corporation

[MiLiNDOnline]

Details of Block Deal -

Sellers (Promotors)-

SUSHMA JAIN 7,300,000 Shares
RINA JAIN 7,300,000 Shares
LAXMI JAIN 7,000,000 Shares

Buyers (the Biggies have entered today) -

MORGAN STANLEY MAURITIUS COMPANY LIMITED 7,408,000
MERRILL LYNCH CAPITAL MARKET ESPANA S A SVB 4,555,000
MERILL LYNCH CAPITAL MARKETS ESPANA A. SVB 1,900,000
CITIGROUP GLOBAL MARKET M PVT LTD 1,349,000
GOLDMAN SACHS INVESTMENT MAURITIUS 1 LTD AC SHORT TERM 1,140,000
BARCLAYS CAPITAL MAURITIUS LIMITED 760,000
DSP MERILL LYNCH FUND MANAGERS LTD 464,000
BIRLA MUTUAL FUND 435,000

This Block deal was about 12% out of the total 89% Promoter Holding. This block deal worth almost USD 500 million was the biggest private equity deal struck on the secondary market.

Why The block Deal?

The Jain family, promoters of the company, own about 89% equity. Under Sebi regulations, they are expected to bring it down to 75%.


Jai Corp is a multibagger from here too. Hold Tight. Medium Term Target seems to be about 5000.

My view. Take your own call.

Hi jnj333,

Thanks for such useful information.

This means that we can see UC's for few more days on Jai Corp, and with all this happenings it is again making pretty straight forward and clear that holding this stock for about 1 year will yeild good retunrs for sure.

Any of your thoughts on this as this is my personal feeling about Jai Corp?

Regards,
MiLiND

 

[gupta_rmanish]

Jai Corporatin bang again after one year, finance/result information form jai corp site seems valid.

Anand Jain is backing it.must invest small sum and try your luck.

 

[rajb]

Hi JNJ333,
I have 73 shares since march 2006, after bonus/split it should be 1460 yesterday i enquired at my dp now 730 shares showing in my account.
means bonus will be credited after 15-20 days. What i want to know from you that what should be done regarding strategy because i need some money in the month of dec but what will be the likely range in the month of dec that i cant decide can you help me with your suggestions !!!
because i find your post's most informative and guiding. Thanks for your valuable inputs.keep it up. God bless you.
Rajb

 

[vprakash]

I have a doubt on ckt limits. How do you calculate it when there are fractions? I mean, Jai closed yesterday at 1076.85. If you add 5% to it, we get 1130.6925. So would the Ckt limit be 1130.70 or 1130.65?

 

[kpp]

Hi jnj333,

If you look at todays price chart for Jai Corp it shows some ups and dips from the last price.

My question is why this short price blips when script is in UC ?

Are there some big players or manipulators who are buying ?

please explain.

regards,

 

[jnj333]

Milind - Yes Jai is a good stock to hold for one year or more.

rajb- You could do by selling 5% holding now and 5% in Dec as you require money in Dec . Rest Depends upon your risk profile and financial needs.

kpp - I checked the bse and nse sites for Jai's today's price movement and I did not find any blip.Kindly Check again.

Regards
jnj

 

[kpp]

Hi jnj333,

by blips I mean short ups and down starting from 9:55 AM

for eg. if you check today 17/10/2007, script is in circuit, but still there is some price movement.

please check this, I got this from moneycontrol,

Time Price
----------------
9:55 AM 1072
11:00 AM 1080
11:51 AM 1080

pls let me know if i'm interpreting something wrong.

thanks,

 

[dvansia123]

Hi all,

when bonus share are likely to be credited ??? I already got the split but still not bonus..!!!

 

[Anid_007]

Hi all,

when bonus share are likely to be credited ??? I already got the split but still not bonus..!!!

Good Point, even same happened to me. I believe that we will get it by 3 rd week of Nov.

 

[jnj333]

Hi jnj333,

by blips I mean short ups and down starting from 9:55 AM

for eg. if you check today 17/10/2007, script is in circuit, but still there is some price movement.

please check this, I got this from moneycontrol,

Time Price
----------------
9:55 AM 1072
11:00 AM 1080
11:51 AM 1080

pls let me know if i'm interpreting something wrong.

thanks,

Today it was out of circuit so the price blips, yesterday it was not, checked the BSE site yesterday could not find any blips, nevertheless no need to bother about it.

regards
jnj