Jaykay Enterprises through its wholly owned subsidiary i.e. JK Defence & Aerospace (JK Defence) has acquired additional 1,94,03,363 equity shares [partly paid-up] in step-down subsidiary i.e. Allen Reinforced Plastics (Allen) on June 02, 2024, offered via Rights Issue. On Completion of full payment of the above Rights Shares, JK Defence’s shareholding in Allen will increase to 92.92%. The cost of acquisition is Rs 5.04 crore.
Jaykay Enterprises manufactures synthetic yarns, fibres and fabrics, portland and white cement, chemicals, fertilisers, pharmaceuticals and synthetic fibre-making machinery, and chemicals, and develops renewable energy sources.
