Jaykay Enterprises shines on acquiring additional stake in JK Digital & Advance Systems
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Jaykay Enterprises is currently trading at Rs. 164.81, up by 13.72 points or 9.08% from its previous closing of Rs. 151.09 on the BSE.
The scrip opened at Rs. 151.90 and has touched a high and low of Rs. 166.00 and Rs. 151.90 respectively. So far 462679 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 166.19 on 15-Oct-2024 and a 52 week low of Rs. 42.85 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 166.19 and Rs. 112.00 respectively. The current market cap of the company is Rs. 1897.07 crore.
The promoters holding in the company stood at 56.29%, while Institutions and Non-Institutions held 2.51% and 41.21% respectively.
Jaykay Enterprises has acquired additional 1,00,00,000 equity shares of Rs 10 each and 5,00,000 Preference Shares of Rs 100 each for an amount aggregating to Rs 15 crore in JK Digital & Advance Systems, wholly owned subsidiary company on October 14, 2024, offered via Rights Issue. The consideration for acquisition of the additional stake in JK Digital has been paid in the form of cash.
Jaykay Enterprises manufactures synthetic yarns, fibres and fabrics, portland and white cement, chemicals, fertilisers, pharmaceuticals and synthetic fibre-making machinery, and chemicals, and develops renewable energy sources.
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