Acquisitions13 Apr 2026, 01:13 pm
Jaykay Enterprises to acquire Patange Industries' defence business
AI Summary
Jaykay Enterprises Ltd's Board of Directors has approved the acquisition of the Business Undertaking of Patange Industries Private Limited (PIPL) via a slump sale on a going concern basis. PIPL's undertaking is engaged in defence precision manufacturing, fabrication, and engineering design services. This strategic acquisition aims to expand Jaykay Enterprises' presence in the Defence & Aerospace sector and strengthen its engineering and technological capabilities. The transaction will be for a lump sum cash consideration. The acquired business undertaking reported a turnover of ₹903.06 Lakhs in FY 2024-25.
Key Highlights
- Jaykay Enterprises to acquire Patange Industries' defence business.
- Acquisition is via slump sale for a lump sum cash consideration.
- Strategic move to expand into the Defence & Aerospace sector.
- PIPL's defence business reported FY25 turnover of ₹903.06 Lakhs.