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Jaykay Enterprises acquisition announcements

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18:03 IST NSE
AcquisitionJaykay Enterprises Ltd JAYKAY

Jaykay Enterprises Acquisition Worth ₹5 Cr

Jaykay Enterprises Limited has executed a Slump Sale Agreement to acquire the defence precision manufacturing and engineering business of Patange Industries Private Limited. The transaction involves a cash consideration of ₹5.00 Crore. This acquisition marks the company's entry into the defence precision manufacturing and engineering design services sector.

Value
₹5.00 Cr
13:13 IST BSE
AcquisitionJaykay Enterprises Ltd JAYKAY

Jaykay Enterprises Acquisition

Jaykay Enterprises Limited approved the acquisition of Patange Industries Private Limited's business undertaking through a slump sale. The target is engaged in defence precision manufacturing and engineering design. This strategic move aims to expand Jaykay's presence in the Defence and Aerospace sectors and enhance its technological capabilities.

Execution
Subject to mutually agreed date