Jaykay Enterprises Approves Rights Issue of ₹155 Crore

Jaykay Enterprises Limited's Board of Directors has approved a Rights Issue to raise up to ₹155 crore. The funds will be raised by issuing partly-paid equity shares to eligible shareholders on a rights basis. The record date for the issue will be announced later. The Board has authorized the Rights Issue Committee to finalize the terms and conditions, including issue size, price, ratio, and payment schedule. This move is subject to necessary regulatory and statutory approvals.