Outcome of meeting of the Committee of Directors of Board of Directors of the Company in accordance with Regulation 30 of SEBI Listing Regulations, 2015.
JAYKAY · price
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Jaykay Enterprises' Committee of Directors approved the issuance of up to 79,19,683 fully paid-up equity shares of face value Re. 1 each at an issue price of Rs. 142 per share. The shares will be allotted on a preferential basis as consideration other than cash (share swap), toward a total purchase consideration of up to Rs. 1,12,45,94,986 (approximately Rs. 112.46 crore). Allottees include promoter Mr. Abhishek Singhania (78,81,385 shares, nearly 99.5% of the issue), promoter group member Ms. Varsha Singhania, and four non-promoter allottees. The issuance follows Board approval on April 11, 2025, and is subject to shareholder approval through a postal ballot.
This is a non-cash acquisition financed entirely through share swap, so there is no cash outflow. Existing shareholders will face dilution from 79.2 lakh new shares, and the promoter group's stake will rise materially since Mr. Abhishek Singhania is receiving almost the entire issue. Stock price may react based on the value ascribed to the acquired business relative to the Rs. 142 share price.