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.
