Description
BSE announces listing of 2.31 crore new equity shares of JTEKT India Limited issued on rights basis, effective August 18, 2025.
Summary
BSE has announced the listing of 2,31,16,407 new equity shares of JTEKT India Limited (Scrip Code: 520057) issued through a rights offering. The shares will commence trading on Monday, August 18, 2025.
Key Points
- 2,31,16,407 equity shares of Rs. 1/- each issued at premium of Rs. 107.10/-
- Rights basis issuance with allotment date of August 13, 2025
- ISIN: INE643A01035
- Distinctive Numbers: 254280484 to 277396890
- New shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. Standard listing process for rights issue shares.
Compliance Requirements
Trading members must update their systems to recognize the new securities for trading from the effective date.
Important Dates
- Allotment Date: August 13, 2025
- Trading Commencement: August 18, 2025
Impact Assessment
The rights issue increases JTEKT India’s equity base significantly. Existing shareholders who participated maintain their proportional ownership while non-participants face dilution. The premium pricing at Rs. 108.10/- per share indicates market confidence in the company’s prospects.
Impact Justification
Routine rights issue listing affecting existing shareholders and trading members