JK Defence & Aerospace Ltd acquires additional stake in Allen Reinforced Plastics Pvt Ltd

Jaykay Enterprises Limited ("the Company"), through its wholly owned subsidiary i.e. JK Defence & Aerospace Limited ("JK Defence") has acquired additional 1,94,03,363 equity shares [partly paid-up] in step-down subsidiary i.e. Allen Reinforced Plastics Private Limited ("Allen") on June 02, 2024, offered via Rights Issue.

On Completion of full payment of the above Rights Shares, JK Defence, shareholding in Allen will increase to 92.92%.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 122.40 as compared to the previous close of Rs. 126.20. The total number of shares traded during the day was 43967 in over 386 trades.

The stock hit an intraday high of Rs. 127.90 and intraday low of 121.10. The net turnover during the day was Rs. 5396242.00.

Source : Equity Bulls

Keywords

JAYKAYENTERPRISES INE903A01025 JKDefenceandAerospace Acquisition AllenReinforcedPlastics