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News about Jai Corp Limited

October 12th, 2007

The media had reports that Jai Corp Limited may raise a venture capital corpus of Rs. 40,000 cr through its wholly-owned subsidiary, Urban Infrastructure Venture Capital (Pvt) Ltd.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Jai Corp Limited has vide its letter inter-alia stated, “The contents of the aforesaid article is categorically denied by us. As on date Jai Corp has invested Rs. 0.50 crores in Urban Infrastructure Venture Capital Pvt. Ltd and not in any individual city as is made out in the article.”

Entry Filed under: Equity Markets, NSE