Jaykay Enterprises approves warrants issue to promoter group

The Board of Directors of Jaykay Enterprises Limited, in their meeting held on Tuesday, April 12, 2022, has considered and approved the Preferential Issue of 5,989,330 Fully Convertible Warrants ("Warrants") of face value of Rs. 1/- (Rupees One Only) each, aggregating up to Rs. 38,93,06,450 at an issue price of Rs. 65/- per warrant to the persons Abhishek Singhania (Promoter) - 4,905,940 warrants and Pioneer Projects Limited (Promoter Group) - 1,083,390 warrants.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 92.70 as compared to the previous close of Rs. 83.60. The total number of shares traded during the day was 613513 in over 2193 trades.

The stock hit an intraday high of Rs. 94.60 and intraday low of 82.90. The net turnover during the day was Rs. 55259290.00.

Source : Equity Bulls

Keywords

JAYKAYENTERPRISES INE903A01025 ConvertibleWarrants PreferentialIssue PromoterGroup