JTEKT India Limited has informed the Exchange that Board of Directors at its meeting held on July 15, 2025, has decided issuance of fully paid-up equity shares of the Company having face value of INR 1 each for an amount not exceeding INR 250 crore.
JTEKTINDIA · price
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Awaiting price reaction for this filing.
The Board of Directors of Jtekt India Limited, at its meeting held on July 15, 2025, approved raising funds through a Rights Issue of fully paid-up equity shares with a face value of INR 1 each. The total amount to be raised will not exceed INR 250 crore. The issue will be offered to eligible existing equity shareholders in accordance with SEBI's Issue of Capital and Disclosure Requirements Regulations, 2018. Key details such as issue price, entitlement ratio, record date, and payment terms are yet to be decided by the Board.
This is a fund-raising move that will dilute existing shareholders' holdings proportionally based on the entitlement ratio. The use of proceeds has not been disclosed, which investors should monitor. Stock price may react to the eventual pricing and terms once announced.