Loan & Debt8 Oct 2026, 09:40 pm
Jaykay Enterprises Lends ₹100 Cr to Subsidiary JK Defence
AI Summary
Jaykay Enterprises Ltd (JKE) has executed a loan agreement with its wholly owned subsidiary, JK Defence & Aerospace Limited (JK Defence), to provide a loan of up to ₹100,00,00,000 (₹100 Crore). The loan will be disbursed in tranches with an interest rate of 10% per annum and a tenure of three years. The repayment terms are to be mutually agreed upon. This unsecured loan is considered an arm's length transaction. The disclosure was made as per SEBI Listing Regulations.
Key Highlights
- Jaykay Enterprises to lend ₹100 Crore to subsidiary JK Defence.
- Loan carries an interest rate of 10% per annum.
- Loan tenure is set at three years.
- Transaction is an unsecured, arm's length agreement.
- Funds to be disbursed in one or more tranches.
Price Impact
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