Jtekt India Limited has informed the Exchange regarding 'Draft Letter of offer dated 15th July 2025 for Right Issue of JTEKT India Limited'.
JTEKTINDIA · price
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JTEKT India Limited has filed the Draft Letter of Offer dated July 15, 2025 for a proposed Rights Issue of fully paid-up equity shares of face value Rs. 1 each. The total issue size will not exceed Rs. 250 Crores (Rs. 25,000 lakhs), offered to existing eligible shareholders on a rights basis. The promoters are JTEKT Corporation, JTEKT Column Systems Corporation, and Maruti Suzuki India Limited. Key details such as issue price, rights entitlement ratio, record date, and issue opening/closing dates are yet to be finalized and shown as placeholders. KFIN Technologies is the registrar and Axis Bank is the banker to the issue.
Eligible shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings once the record date is set. Until final pricing and ratio are announced, investors should wait for the Letter of Offer to assess whether the rights issue is attractive relative to market price.