08 Aug 07 Jai Corp to issue Bonus Shares
Jai Corp has informed the stock exchanges that the board of directors of Jai Corp will meet tomorrow, Thursday 09 August 2007 to consider an issue of bonus shares to shareholders of Jai Corp. More details about the ratio of the bonus issue and the record date for the bonus issue will be available tomorrow after the board meeting is over. The shares of Jai Corp hit an all-time high and were locked in the upper circuit as soon as the announcement on bonus issue was made. A few days back Jai Corp had informed the stock exchanges that the board of directors of Jai Corp had approved the splitting of face value of the company’ shares (stock split) from 1 share of face value Rs. 10 each to 10 shares of face value Rs. 1 each. Ever since, the stock prices of Jai Corp have been on a roll.
Update : Jai Corp Bonus Issue has been approved by the board of directors of Jai Corp in the board meeting held today. The ratio for the bonus issue has been fixed at 1 : 1 (1 bonus share for every 1 share held in Jai corp)
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Hi BullishIndian,
Can you please enlighten us on the record date for Jai Corporation bonus issue?
@Vishal – The record date for Jai Corporation bonus issue has not yet been announced. I will update it here as soon as it is announced
Hi,
I had bought four JAI CORP shares on 4th OCT, for 15000 each. On 5th i.e. the next day stock got split and price fell to 800. Am I eligible for bonus shares?
Since record date is 12 October 2007, you would be eligible for that.
I bought 20 shares of JAICORP on 9th Oct. Will I be getting the bonus share?
I have 4 nos of Jai Corp Shares so how many shares I will get as a bonus shares.
What is my tatal quantity after bonus shares.
please let me know.