Jaykay Enterprises (JKE) has acquired additional 2,00,000 Preference Shares of the face value of Rs 100 each in JK Defence & Aerospace, wholly owned subsidiary of JKE, pursuant to the Rights Issue. This resulting in no change to the ultimate shareholding of JKE in JK Defence, which remains at 100%. Accordingly, JK Defence continues to be a wholly owned subsidiary of the Company. Cost of acquisition is Rs 2 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.
| Company Name | CMP |
|---|---|
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| Bharat Electronics | 442.30 |
| DCX Systems | 174.30 |
| Astra Microwave Prod | 1015.95 |
| Zen Technologies | 1540.65 |
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