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JTEKT India Sets Rights Issue Price at Rs 108.10, Targets Rs 250 Crore Expansion

Updated: July 21, 2025 17:00

Image Source : EquityBulls
JTEKT India Ltd has announced a rights issue priced at Rs 108.10 per share, aiming to raise up to Rs 250 crore. The offer is fully payable at the time of application and will be listed on both BSE and NSE.
 
Key Highlights:
 
- Rights issue price: Rs 108.10 per equity share
- Total issue size: Rs 250 crore
- Face value: Rs 1 per share
- Listing: BSE and NSE
- Terms of payment: Fully payable on application
 
Utilization of Proceeds:
 
- Rs 113.51 crore for infrastructure development in Gujarat
- Rs 55.37 crore for equipment and machinery at the Dharuhera plant
- Rs 24 crore for debt repayment
- Remaining funds for general corporate purposes
 
Strategic Context:
 
JTEKT India, a leader in steering systems and driveline components, serves top OEMs like Maruti Suzuki and Toyota. The rights issue supports its expansion and strengthens its manufacturing footprint across India.
 
Sources: IPO Central, BSE Corporate Filings, Value Research Online

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