January 9, 2007

The media had reports on January 06, 2007 that a part of the group's property in south central Mumbai, currently held in unlisted companies, may be transferred to Jai Corp Limited.

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, "We wish to state that the contents of the news item are imaginary and speculative. The contents of the news item are not to our knowledge and are denied by us."

Source: National Stock Exchange of India Limited

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