Hi All,
Their were 2 announcement to BSE from Jai Corp today. Expert comments please. Is it Good,Bad etc.,.
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Jai Corp Limited has informed the Exchange that: "On 5th December, 2007 the
Allotment Committee of the Board of Directors approved allotment of and allotted
2,60,870 fully paid equity shares of Re.1/- each face value to Indea Absolute Return
Fund. As a result of the above allotment, paid-up share capital of the Company is as
under: 1) Share Capital: Equity; No. of Shares: 17,84,94,010; Aggregate Paid-up
Value: Rs. 17,84,94,010/- 2) Share Capital: Preference; No. of Shares: 1,50,00,000;
Aggregate Paid-up Value: Rs. 1,50,00,000/-. The same was approved by the Members of
the Company at the Extra-ordinary General Meeting held on 17th November, 2007 and
in-principal approval for the issue and allotment was received from the Stock Exchanges".
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Jai Corp Ltd has informed BSE that the Allotment Committee of the Board of Directors on December 05, 2007
approved allotment of and allotted 2,60,870 fully paid equity shares of Re 1/- each face value to Indea
Absolute Return Fund.
As a result of the above allotment, paid-up share capital of the Company is as under:
1. Share Capital: Equity
- No of Shares: 17,84,94,010
- Aggregate Paid-up Value: Rs 17,84,94,010/-.
2. Share Capital: Preference
- No of Shares: 1,50,00,000
- Aggregate Paid-up Value: Rs 1,50,00,000/-.
Further the Company has informed that, the same was approved by the members of the Company at the Extra
Ordinary General Meeting held on November 17, 2007.
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Thanks
SN
