Jaykay Enterprises Limited board approves 1:1 rights issue

The Board of Directors of Jaykay Enterprises Limited, at its meeting held today, i.e., July 09, 2023, has, considered and approved the fund raising by way of the Rights Issue of Equity Shares, to eligible equity shareholders of the Company as on the record date (to be notified later), for a maximum amount not exceeding Rs.150 Crores (the "Issue"), subject to applicable laws.

Equity Shares offered through the issue - 5,84,57,688

Issue Price Per equity shares - INR 25/-

Rights Entitlement Ratio - 1 Equity share for every 1 Equity share held by the eligible Equity shareholders in the Company as on record date to be notified later

The board approved the appointment of M/s Corporate Professionals Capital Private Ltd, SEBI Registered Category I Merchant Bankers to act as a "Lead Manager to the Issue".

The board also constituted 'Rights Issue Committee' to decide and finalize other terms and conditions of the Issue.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 73.98 as compared to the previous close of Rs. 68.07. The total number of shares traded during the day was 390937 in over 1502 trades.

The stock hit an intraday high of Rs. 74.40 and intraday low of 67.40. The net turnover during the day was Rs. 27956142.00.

Source : Equity Bulls

Keywords

JAYKAYENTERPRISES INE903A01025 RightsIssue 1For1