Jaykay Enterprises Ltd approves allotment of 5,84,57,688 shares on rights basis

The Rights Issue Committee of Board of Directors of Jaykay Enterprises Limited in their meeting held today, i.e. September 11, 2024, has, considered and approved the allotment of 5,84,57,688 Equity Shares on rights basis of face value of Rs. 1/- each at an issue price of Rs. 25/- per Equity Share (including a premium of Rs. 24/- per Equity Share).

The said allotment is made pursuant to the terms set out in the Letter of Offer dated August 17, 2024, and the 'Basis of Allotment' as finalized in consultation with the Alankit Assignments Limited ("Registrar to the Issue"), Corporate Professionals Capital Private Limited ("Lead Manager to the Issue") and as approved by BSE Limited ("the Designated Stock Exchange for the Issue").

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company has increased from 5,84,57,688 equity shares (Rs. 5,84,57,688/-) to 11,69,15,376 equity shares (Rs. 11,69,15,376/-)

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 97.00 as compared to the previous close of Rs. 102.60. The total number of shares traded during the day was 134683 in over 832 trades.

The stock hit an intraday high of Rs. 104.00 and intraday low of 95.00. The net turnover during the day was Rs. 13375048.00.

Source : Equity Bulls

Keywords

JAYKAYENTERPRISES INE903A01025 FundRaising RightsIssue SharesAllotment