Jai Corp Limited — Important, 17-04-2025: Updates

Jai Corp Limited has received Rs. 362.72 crore net of tax from Urban Infrastructure Private Limited (UIHPL) due to a capital reduction. UIHPL plans to reduce 99.76% of its share capital, resulting in total funds of approximately Rs. 3,772 crore. This includes proceeds from the sale of Dronagiri Infrastructure's stake in Navi Mumbai IIA Private Limited for Rs. 1,628.03 crore and Rs. 682 crore from redeemable debentures. The capital reduction will be approved at an upcoming extraordinary general meeting on January 2, 2025. This development could enhance liquidity for Jai Corp Limited, positioning the company favorably for future investments and strategic maneuvers. Investors should monitor this situation closely for potential impacts on cash flow and company valuation.