Jai Corp share price plummets nearly 20% today. Here's why
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1 week ago

Jai Corp share price plummets nearly 20% today. Here's why

India Today  

Shares of Jai Corp Ltd nosedived nearly 20% in Thursday's trading session, hitting Rs 250 by 11:32 AM. The sharp drop comes after the company disclosed a significant capital reduction proposal involving Urban Infrastructure Holdings Private Limited, in which it holds a 32% equity stake. Jai Corp informed stock exchanges that UIHPL plans to convene an extraordinary general meeting to seek shareholder approval for the proposed capital reduction. Additionally, UIHPL expects Rs 682 crore from redeeming optionally fully convertible debentures in Vinamra Universal Traders Private Limited, bringing the total funds to a minimum of Rs 3,772 crore. This restructuring announcement has triggered heightened investor concerns, as reflected in the recent performance of Jai Corp shares, which have fallen nearly 27% over the past three trading sessions.

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Explained: Why Jai Corp share price hit 52-week low today
Top News
6 days, 10 hours ago

Explained: Why Jai Corp share price hit 52-week low today

India Today  

Shares of Jai Corp Ltd extended their losses on Friday, hitting a 52-week low in early trade. The steep decline in Jai Corp’s share price over two sessions stems from a significant capital reduction proposal involving Urban Infrastructure Holdings Private Limited, where Jai Corp holds a 32% equity stake. DIPL sold a 74% equity stake in Navi Mumbai IIA Private …

Jai Corp shares hit 20% lower circuit, plunge to 52-week low amid capital reduction proposal by subsidiary UIHPL
Trending News
1 week ago

Jai Corp shares hit 20% lower circuit, plunge to 52-week low amid capital reduction proposal by subsidiary UIHPL

Live Mint  

Jai Corp share price saw a sharp decline on Thursday, January 2, plunging to its 52-week low of ₹247.90, after hitting the 20% lower circuit limit, accompanied by heavy trading volumes. Jai Corp also disclosed that the capital reduction proposal includes a provision to increase the consideration payable, ensuring UIHPL retains sufficient cash reserves for its daily operations. Recent Developments …

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