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Jaykay Enterprises surges on getting nod to acquire 97.48% equity share capital of JKTL

12 Feb 2025 Evaluate

Jaykay Enterprises is currently trading at Rs. 161.50, up by 2.70 points or 1.70% from its previous closing of Rs. 158.80 on the BSE.

The scrip opened at Rs. 167.20 and has touched a high and low of Rs. 171.85 and Rs. 160.00 respectively. So far 89165 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 185.00 on 10-Feb-2025 and a 52 week low of Rs. 64.90 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 156.55 respectively. The current market cap of the company is Rs. 1903.97 crore.

The promoters holding in the company stood at 60.57%, while Institutions and Non-Institutions held 0.15% and 39.28% respectively.

Jaykay Enterprises has received approval from Board of Directors for acquisition of 97.48% Fully paid-up Equity Share Capital of JK Technosoft (JKTL), for a total purchase consideration of Rs 88.89 crore (Purchase Consideration), by acquiring Fully Paid-Up Equity Shares upto 54,53,754 of face value of Rs 10 each of JKTL, at an acquisition price of Rs 163 each.

Further, the purchase consideration of Rs 88.89 crore will be payable by way of a Share Swap through issuance of upto 54,53,754 Fully paid-up equity shares of JayKay Enterprises, on preferential basis, in accordance with Chapter V of the SEBI ICDR Regulations, the Companies Act, 2013 and other applicable laws, and subject to approval of the shareholders of the Company, and such other regulatory/ statutory approvals as may be required, having face value of Re 1 each, at an issue price of Rs 163 per equity share to the existing shareholders of the Target Company. 

The Board of Directors of Jaykay Enterprises has, at its meeting held on February 11, 2025, inter alia, considered and approved the same. 

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.

Jaykay Enterprises Share Price

164.25 2.90 (1.80%)
17-Apr-2026 16:59 View Price Chart
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