Jai Corporation

[wizrulz]

What is a book-closure/record date?

Book closure and record date help a company determine exactly the shareholders of a company as on a given date.

Book closure refers to the closing of register of the names or investors in the records of a company. Companies announce book closure dates from time to time. The benefits of dividends, bonus issues, rights issue accruing to investors whose name appears on the company's records as on a given date, is known as the record date.

An investor might purchase a share-cum-dividend, cum rights or cum bonus and may therefore expect to receive these benefits as the new shareholder. In order to receive this, the share has to be transferred in the investor's name, or he would stand deprived of the benefits. The buyer of such a share will be a loser. It is important for a buyer of a share to ensure that shares purchased at cum benefits prices are transferred before book-closure. It must be ensured that the price paid for the shares is ex-benefit and not cum benefit.


What is a no-delivery period?

Whenever a company announces a book closure or record date, the Exchange sets up a no-delivery (ND) period for that security. During this period only trading is permitted in the security. However, these trades are settled only after the no-delivery period is over. This is done to ensure that investor's entitlement for the corporate benefit is clearly determined.

SOURCE

FOR JAI CORP
Segment of Trade :T + 2 Rolling
No Delivery Period: 05-OCT-07 - 11-OCT-07
Ex Date: 05-OCT-07
Record Date: 12-OCT-07

 

[wizrulz]

JAICOR showing rate as 800 odd

Oh i guess its already shoiwng 1:10 split and 1:1 bonus.....so how people buying today will get the bonus and split benefit ????

 

[AkashS]

Is it already splited? Seems we are not able to buy this now also? Can anyone pls suggest if we can buy it or when we can buy JC? Thanks.

Akash...

 

[monisha]

have bought four jaicor's at 5 figures. now its all gone. dont know what to do.miserable state of affairs

 

[AkashS]

Hi Monisha,

Seems it is already splited and you will receive 1:10 stocks soon in your Demat Account.

 

[monisha]

the code is JAICOR in NSE and BSE

 

[monisha]

thanks akash!! i hope that is good news.

 

[AkashS]

Hi,

Code is JAICORPLTD in NSE and Script ID is 512237 in BSE.

 

[jnj333]

Hey Guys, Just Relax, The Share has gone ex-split 1 :10 and ex-bonus 1:1 , that means for every share held it will become 20 shares (anyone holding 10 shares it will become 200 and so on). Today also it is also on UC, to get the correct price multiply that with 20 i.e 804.80 x 20 = 16096.

It may take 20-25 days to get the split and bonus shares into your account.

Cheers
Jnj

 

[kpp]

Hi,

I brought 2 more on 4th Oct, but it's still not showing in demat a/c till today. I have confirmed with ICICIDirect.com, the order is executed, but will get added to my account on 9th Oct.

Will I still be eligible to get benefit for split and bonus ?

Please advice.

KPP