How I think about it :
JKH directors had dumped shares during the run last year. This split is a jilmart. They want a few HNWI s and their directors to buy back their shares at lower prices.When the split announcement came JKH was trading at 200 Rs. When split to 8 each share worth 175 RS.They will bring down JKH at least to 180 Rs. Then buy all warrants for pea nuts. What ever government comes after election most probably CASINO will be bundled together with the hotel project .At least a rumor will take it back and they will dump warrants to us.