Acquisitions9 Jun 2026, 05:51 pm
Jaykay Enterprises Acquires ₹1.5 Cr Stake in JK Digital
AI Summary
Jaykay Enterprises Limited (JKE) has acquired an additional 1,50,000 preference shares, valued at ₹1.5 crore, in its wholly-owned subsidiary, JK Digital & Advance Systems Private Limited. This acquisition, made through a rights issue, was completed on June 09, 2026. The funds for this investment are derived from the net proceeds of JKE's recent rights issue. JK Digital, operating in the Digital & IT Services sector, will utilize these funds as per the revised objects approved by shareholders. The acquisition does not alter JKE's 100% ownership of JK Digital, which was incorporated in July 2023 and had a turnover of ₹47.49 Lakhs in FY 2025-26.
Key Highlights
- Jaykay Enterprises invested ₹1.5 crore in its subsidiary JK Digital.
- Acquisition was part of a rights issue and funded by JKE's rights issue proceeds.
- JK Digital operates in the Digital & IT Services sector.
- JKE maintains 100% ownership of the subsidiary post-acquisition.
- Subsidiary JK Digital had a turnover of ₹47.49 Lakhs in FY 2025-26.
Price Impact
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