Jai Corp shares nosedive 20% on UIHPL’s capital reduction proposal
Shares of Jai Corp cracked 20% to hit their lower circuit of Rs 247.90 on the BSE on Thursday after the company announced that Urban Infrastructure Holdings (UIHPL), in which it holds a 32% equity stake, plans to convene an EGM to approve a capital reduction proposal. “The Company hereby informs that it has received…