December 02, 2008

Jai Corp to raise INR 21.12 billion

Jai Corporation Limited recently announced that its board has approved to raise up to INR 21.12 billion from investors and founders.

It would raise about INR 6.12 billion by issuing equity shares to investors on a preferential or private placement basis.

The board also approved the issue of redeemable preference shares worth up to INR 15 billion to founders.