Jtekt India Limited has informed the Exchange regarding 'Letter of Offer dated 21st July 2025 for Rights Issue of Equity Shares'.
JTEKTINDIA · price
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Jtekt India Limited has approved the Letter of Offer for a rights issue of up to 2,31,16,407 fully paid-up equity shares of face value ₹1 each, at an issue price of ₹108.10 per share (including a premium of ₹107.10). The total issue size aggregates up to ₹24,988.84 lakhs (approximately ₹250 crores). The ratio is 1 rights equity share for every 11 existing shares held, with the record date set as Friday, July 25, 2025. The issue opens on August 4, 2025 and closes on August 12, 2025, with tentative listing on August 14, 2025.
Eligible shareholders as on the record date can subscribe to additional shares in proportion to their holdings. If shareholders do not fully subscribe, their stake may get diluted. The capital raised is expected to support the company's growth and operational needs as detailed in the 'Objects of the Issue' section of the Letter of Offer.