Jai Corp Limited (BSE:512237)'s stock hit an eight year high of INR 223, up 10% on Bombay Stock Exchange in intra-day trade after the media report suggested that Reliance Industries’ Mukesh Ambani in talks to buy out the company’s 24% stake in Navi Mumbai Special Economic Zone (NMSEZ). “RIL Chairman Mukesh Ambani, through his personal investment firms, is in talks to buy out Jai Corp’s 24% stake in NMSEZ. If the deal goes through, Ambani will be the largest shareholder of the NMSEZ with a 48.1% stake,” a local newspaper reported.