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

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