Acquisitions9 Oct 2025, 10:51 pm
Jaykay Enterprises Acquires Additional Shares in Subsidiary JK Defence & Aerospace for Rs. 36 Crore
AI Summary
Jaykay Enterprises Ltd. (JKE) has acquired 36,00,000 preference shares of JK Defence & Aerospace Limited, its wholly owned subsidiary, for a total consideration of Rs. 36,00,00,000. This acquisition was made pursuant to the Rights Issue and does not fall under related party transactions. JK Defence, incorporated in 2023, is in the Defence and Aerospace industry and is yet to commence operations. The acquisition is completed on October 09, 2025, and the consideration is paid in cash. JKE, along with its nominees, holds 100% paid-up share capital of JK Defence, and this acquisition does not change the ultimate shareholding.
Key Highlights
- Jaykay Enterprises acquires additional shares in its subsidiary JK Defence & Aerospace.
- Acquisition made for a total consideration of Rs. 36,00,00,000.
- Acquisition pursuant to the Rights Issue and not under related party transactions.
- JK Defence is a wholly owned subsidiary of Jaykay Enterprises and is in the Defence and Aerospace industry.
- Acquisition completed on October 09, 2025, and consideration paid in cash.