Loan & Debt5 May 2026, 06:21 pm
Jaykay Enterprises: ₹10 Cr Loan to JK Phillips LLP
AI Summary
Jaykay Enterprises Ltd has executed a loan agreement on May 05, 2026, with JK Phillips LLP, a 50:50 joint venture between Jaykay Enterprises and Phillips Machine Tools India Private Limited. The loan is for up to ₹10,00,00,000 (Rupees Ten Crores Only) to be disbursed in tranches. The interest rate is 10% p.a. The transaction is an arm’s length related party transaction, as Jaykay Enterprises holds 50% capital contribution in JK Phillips. Total amount outstanding on date (excluding this loan) is ₹4,70,00,000.
Key Highlights
- Jaykay Enterprises grants up to ₹10 Cr loan to JK Phillips LLP.
- JK Phillips LLP is a 50:50 joint venture with Phillips Machine Tools India.
- The loan carries an interest rate of 10% p.a.
- Jaykay Enterprises holds 50% capital in JK Phillips LLP.
- The transaction is conducted at arm's length basis.
Price Impact
More from JAYKAY