Acquisitions5 Oct 2026, 04:19 pm
Jaykay Enterprises Acquires ₹2 Cr Preference Shares in Subsidiary
AI Summary
Jaykay Enterprises Limited (JKE) has acquired an additional 2,00,000 preference shares, each with a face value of Rs. 100, for a total of Rs. 2,00,00,000 (₹2 Crore) in its wholly-owned subsidiary, JK Digital & Advance Systems Private Limited. The acquisition took place on October 05, 2026, through a Rights Issue. This investment is funded by proceeds from JKE's Rights Issue and will be utilized by JK Digital for its stated objectives, as approved by shareholders. The acquisition does not alter JKE's 100% shareholding in JK Digital, which remains a wholly-owned subsidiary. JK Digital operates in the Digital & IT Services sector.
Key Highlights
- JKE invested ₹2 Crore in its subsidiary JK Digital.
- Acquisition was via Rights Issue of preference shares.
- Investment funded by JKE's Rights Issue proceeds.
- JK Digital remains a wholly-owned subsidiary (100% holding).
- Funds to be used for JK Digital's stated business objectives.
Price Impact
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