JTEKT India Limited has informed the Exchange about General Updates-Rights Issue
JTEKTINDIA · price
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JTEKT India Limited's Board has approved the terms of a rights issue of up to ₹249.88 crores. The company will issue 23,116,407 equity shares of ₹1 face value at ₹108.10 per share (including a premium of ₹107.10). The ratio is 1 rights share for every 11 shares held. The record date is Friday, 25th July 2025 to determine eligible shareholders. The issue opens on 4th August 2025 and closes on 12th August 2025. Post-issue share count will rise from 25.43 crores to 27.74 crores assuming full subscription. Shareholders can apply, renounce, or let the rights entitlements lapse.
Eligible shareholders as of 25th July 2025 will receive rights entitlements and can subscribe, trade, or renounce them within the specified window. The new shares are being issued at a price, and dilution of roughly 9.1% will occur if fully subscribed, which existing investors should factor into their decisions.