Jai Corp Board approves 1:1 Bonus Issue

Jai Corp Ltd has announced that the Board of Directors of the Company at its meeting held on August 09, 2007, inter alia, has decided the following:

1. Issue of bonus shares in the ratio of 1:1.

2. Alteration / addition in the objects of the Company to engage in infrastructure activity / business.

The above decisions of the Board are subject to shareholders approval and such other necessary permissions, sanctions and approvals as may be required under applicable laws.

The stock closed the day at Rs.5314.75, up by Rs.253.05 or 5%. The stock hit an intraday high of Rs.5314.75 and low of Rs.5314.75. The total traded quantity was 1018 compared to 2 week average of 14909.

Source : Equity Bulls

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