Jai Corp of ₹117.77 crores approved by the board of directors at the meeting was held on August 29, 2024. Jai Corp will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹400 per Equity Share and for an aggregate amount not exceeding ₹117.77 crores from the shareholders. Check out Jai Corp Buyback 2024 details below:
Since the company’s founding in 1985, Jai Corporation has focused primarily on manufacturing activities, including the processing of plastic, the production of steel, and the spinning of yarn. In addition to expanding its plastic processing operations, the company is also committed to diversifying its operations into new areas, including the establishment of special economic zones (SEZ), venture capital, the development of infrastructure, and real estate. In addition to that, it is listed on the Bombay Stock Exchange as well as the National Stock Exchange.
Jai Corp History
- N/A
Jai Corp Buyback 2024 Dates
| Buyback Meeting Date: | August 29, 2024 |
| Buyback Announcement Date: | August 29, 2024 |
| Buyback Record Date: | September 10, 2024 |
| Last Date to Buy Shares: | September 9, 2024 |
| Buyback Open Date: | September 13, 2024 |
| Buyback Close Date: | September 20, 2024 |
| Finalization of Buyback Acceptance: | September 26, 2024 |
Jai Corp Buyback 2024 Offer Details
Jai Corp of 29,44,415 equity shares at a price of ₹400 per equity share. The buyback offers not to exceed ₹117.77 crores of the total buyback offer size.
| Offer Amount: | ₹117.77 Crores |
| Number of Shares: | 29,44,415 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹400 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Jai Corp Buyback 2024 Acceptance Ratio
The investor should buy around 500 shares at a current market price of ₹372 (as of date). The calculation will be ₹2,00,000 / ₹400 buyback price = 500 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹186000 | 165 | ₹4620 |
| 50% | ₹186000 | 250 | ₹7000 |
| 75% | ₹186000 | 375 | ₹10500 |
| 100% | ₹186000 | 500 | ₹14000 |
Jai Corp Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹721.11 | ₹653.37 | ₹54.21 |
| 2023 | ₹600.07 | ₹527.57 | ₹3.48 |
| 2024 | ₹481.39 | ₹410.19 | ₹53.89 |
How to Participate in Jai Corp Buyback 2024
The investors are eligible for the buyback scheme who have Jai Corp shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Jai Corp Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Jai Corpepted shares by the company under the Jai Corp scheme.
Jai Corp Buyback 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Jai Corp Buyback 2024 Lead Managers
- Navigant Corporate Advisors Ltd
Jai Corp Company Address
Jai Corp Limited
603, Embassy Centre,
Backbay Reclamation, Nariman Point,
Mumbai – 400 021
Phone: +91-22-3521 5146
Email: [email protected]
Website: http://www.jaicorpindia.com/index.htm
How to Apply the Jai Corp through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Jai Corp”. Click on Place Order. Enter your Quantity and submit Jai Corp Application Form.
How to Apply the Jai Corp through Upstox?
Log in to Upstox Application with your credentials. Select the Jai Corp. You will see the Company Name “Jai Corp”. Click on Jai Corp Stock for Buyback. Enter your Quantity and submit Jai Corp Application Form.
How to Apply the Jai Corp through Jai Corp Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Jai Corp. Enter your Quantity and submit Jai Corp Application Form.
