Jai Corp Ltd to redeem 3 lakh NCNPRPS

The Board of Directors of Jai Corp Ltd at its meeting held on May 08, 2014, has approved redemption of 3,00,000 fully paid-up 1% Non-cumulative, Non-participating Redeemable Preference Shares.

The Board approved the Audited Standalone and consolidated financial results of the Company for the financial year ended March 31, 2014.

The Board has recommended a divided of Re. 0.01 per share on 76,74,900 preference shares of face value Rs. 1/- each for the financial year 2013-14 and a divided of Re. 0.50 per share on 4,81,67,010 equity shares of face value Re. 1/- each for the financial year 2013-14.

Shares of JAI CORP LTD. was last trading in BSE at Rs.67 as compared to the previous close of Rs. 67.55. The total number of shares traded during the day was 175916 in over 2068 trades.

The stock hit an intraday high of Rs. 68.3 and intraday low of 66.55. The net turnover during the day was Rs. 11884241.

Source : Equity Bulls

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