Jai Corporation
- Thread starter jnj333
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JC in red 
5% down with markets up
Surely needs some good news.
5% down with markets up
Surely needs some good news.
One of the agenda of EGM-"To acquire by way of subscription purchase or otherwise the securities for an amount not exceeding in aggregate Rs 7500,00,00,000/- (Rupees Seven thousand and five hundred crores only) of Companies engaged in real estate and infrastructure sector........". WOW!!! A Rs.12000cr company giving itself power to invest Rs.7500cr in other companies
Seems BIG Plans ahead. Kindly wait till then.
Expecting SOME news on 18th Mar(EGM).
One of the agenda of EGM-"To acquire by way of subscription purchase or otherwise the securities for an amount not exceeding in aggregate Rs 7500,00,00,000/- (Rupees Seven thousand and five hundred crores only) of Companies engaged in real estate and infrastructure sector........". WOW!!! A Rs.12000cr company giving itself power to invest Rs.7500cr in other companies Seems BIG Plans ahead. Kindly wait till then.
One of the agenda of EGM-"To acquire by way of subscription purchase or otherwise the securities for an amount not exceeding in aggregate Rs 7500,00,00,000/- (Rupees Seven thousand and five hundred crores only) of Companies engaged in real estate and infrastructure sector........". WOW!!! A Rs.12000cr company giving itself power to invest Rs.7500cr in other companies
Seems BIG Plans ahead. Kindly wait till then.
The pain in JAI CORP doesn't seem to stop at all, eroding principle and interest everyday. What you guys think will be bottom out price for this free fall and whats the realistic target for this scrip by this year end. Sometimes it is too hard to imagine that the stock which rocked the stock market in 2.5 months last year has no buyers today even though its growth story is intact and promising.
This stock market slide is killing inverstors daily and no sign of any pullback.
jnj, please add in some comments, I am becoming nervous day by day as I have a huge exposure in this script.
This stock market slide is killing inverstors daily and no sign of any pullback.
jnj, please add in some comments, I am becoming nervous day by day as I have a huge exposure in this script.
NSE announcement on 13/3/2008 for information.
Name of the Target Company Jai Corp Limited
Name of the acquirer and PAC with the acquirer Morgan Stanley & Co. International plc a/c
Morgan Stanley Mauritius Co. Ltd
Details of the acquisition as follows Number Type % w.r.t. total paid up capital of Target Company
Shares/Voting rights (VR) before acquisition under consideration 8741869 Equity 4.8975
Shares/voting rights acquired 2700547 Equity 1.5129
Shares/VR after acquisition 11442416 Equity 6.4105
Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / interse transfer etc.) Open Market
Date of acquisition of shares/VR or date of receipt of intimation of allotment of shares, whichever is applicable 11-MAR-2008
Name of the Target Company Jai Corp Limited
Name of the acquirer and PAC with the acquirer Morgan Stanley & Co. International plc a/c
Morgan Stanley Mauritius Co. Ltd
Details of the acquisition as follows Number Type % w.r.t. total paid up capital of Target Company
Shares/Voting rights (VR) before acquisition under consideration 8741869 Equity 4.8975
Shares/voting rights acquired 2700547 Equity 1.5129
Shares/VR after acquisition 11442416 Equity 6.4105
Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / interse transfer etc.) Open Market
Date of acquisition of shares/VR or date of receipt of intimation of allotment of shares, whichever is applicable 11-MAR-2008
Jai Corp - EGM on Mar 18, 2008
Jai Corp - EGM on Mar 18, 2008
February 20, 2008
Jai Corp Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 18, 2008, inter alia, to transact the following business:
1. To alter the Articles of Association of the Company by substituting the existing Article 15 of the Articles of Association of the Company with the following as new Article 15
Until otherwise determined by a general meeting the number of Directors of the Company shall not be less than three or more than twelve Directors are not required to hold any shares in the Company as qualification shares
2. To increase in the number of Directors of the Company for the time being from 11 (eleven) to 12 (twelve).
3. To increase the amount to be paid to each of the non-executive Directors (i.e. Directors other than Managing Director and Whole-time Directors) by way of 'sitting fee' for attending each meeting of the Board of Directors or any Committee constituted by the Board of Directors.
4. To borrow any sum or sums, of money (including external commercial borrowings in foreign denominated currencies from any foreign sources / countries as prescribed by guidelines if any in this respect) from time to time at their discretion, for the purpose of the business of the Company, from one or more banks, financial institutions and other, persons, firms, bodies corporate upto a sum of Rs 5000,00,00,000/- (Rupees Five thousand Cores only) notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may at time exceed the aggregate of the paid-up capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) and that the Board be and is hereby empowered and authorized to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise as they may in their absolute discretion think fit, subject to necessary provisions & approvals.
5. To acquire by way of subscription purchase or otherwise the securities for an amount not exceeding in aggregate Rs 7500,00,00,000/- (Rupees Seven thousand and five hundred crores only) of Companies engaged in real estate and infrastructure sector and in all other suitable investment opportunities including investments in Urban Energy Generation Pvt Ltd, Urban Energy Transmission Pvt Ltd, Urban Energy Distribution Pvt Ltd, Urban Water Supply Pvt Ltd, Urban Infrastructure Construction Pvt Ltd, Urban Communication Infrastructure Pvt Ltd, Urban Infotech Solution Pvt Ltd notwithstanding that the proposed investments together with investments already made 60% of the paid up share capital and free reserves of the Company or 100% of its free reserves, whichever is more, subject to necessary provisions & approvals.
6. To contribute and / or to subscribe to charitable and other funds not directly relating to the business of the Company or the welfare of its employees such amount or amounts the aggregate of which will not, in a financial year, exceed Rs 25,00,00,000/- (Rupees Twenty five crores only) notwithstanding that such amount may exceed the limits laid down in Section 293 (l) (e) of the Companies Act, 1956.
Jai Corp - EGM on Mar 18, 2008
February 20, 2008
Jai Corp Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 18, 2008, inter alia, to transact the following business:
1. To alter the Articles of Association of the Company by substituting the existing Article 15 of the Articles of Association of the Company with the following as new Article 15
Until otherwise determined by a general meeting the number of Directors of the Company shall not be less than three or more than twelve Directors are not required to hold any shares in the Company as qualification shares
2. To increase in the number of Directors of the Company for the time being from 11 (eleven) to 12 (twelve).
3. To increase the amount to be paid to each of the non-executive Directors (i.e. Directors other than Managing Director and Whole-time Directors) by way of 'sitting fee' for attending each meeting of the Board of Directors or any Committee constituted by the Board of Directors.
4. To borrow any sum or sums, of money (including external commercial borrowings in foreign denominated currencies from any foreign sources / countries as prescribed by guidelines if any in this respect) from time to time at their discretion, for the purpose of the business of the Company, from one or more banks, financial institutions and other, persons, firms, bodies corporate upto a sum of Rs 5000,00,00,000/- (Rupees Five thousand Cores only) notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may at time exceed the aggregate of the paid-up capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) and that the Board be and is hereby empowered and authorized to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise as they may in their absolute discretion think fit, subject to necessary provisions & approvals.
5. To acquire by way of subscription purchase or otherwise the securities for an amount not exceeding in aggregate Rs 7500,00,00,000/- (Rupees Seven thousand and five hundred crores only) of Companies engaged in real estate and infrastructure sector and in all other suitable investment opportunities including investments in Urban Energy Generation Pvt Ltd, Urban Energy Transmission Pvt Ltd, Urban Energy Distribution Pvt Ltd, Urban Water Supply Pvt Ltd, Urban Infrastructure Construction Pvt Ltd, Urban Communication Infrastructure Pvt Ltd, Urban Infotech Solution Pvt Ltd notwithstanding that the proposed investments together with investments already made 60% of the paid up share capital and free reserves of the Company or 100% of its free reserves, whichever is more, subject to necessary provisions & approvals.
6. To contribute and / or to subscribe to charitable and other funds not directly relating to the business of the Company or the welfare of its employees such amount or amounts the aggregate of which will not, in a financial year, exceed Rs 25,00,00,000/- (Rupees Twenty five crores only) notwithstanding that such amount may exceed the limits laid down in Section 293 (l) (e) of the Companies Act, 1956.
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