Jaykay Enterprises Limited to Acquire Business Undertaking of Patange Industries in Defence Sector
Jaykay Enterprises Limited announced on April 13, 2026, that it has executed a Slump Sale Agreement (SSA) with Patange Industries Private Limited (PIPL) to acquire the latter's business undertaking. The acquisition involves a unit engaged in the specialized field of defence precision manufacturing, fabrication, and engineering design services.The SSA establishes the terms for Jaykay Enterprises Limited to take over the entire business undertaking of PIPL. As per the agreement, the acquisition will be conducted on a going concern basis, subject to the specific terms and conditions laid out within the SSA.
Under the key financial provisions of the agreement, Jaykay Enterprises Limited will pay a net cash consideration of Rs. 5,00,00,000 (Rupees Five Crores only) for the business undertaking. This consideration is stated to be subject to closing adjustments.
The agreement details confirmed that there is no shareholding of Jaykay Enterprises Limited in PIPL, nor is the transaction categorized as a related party transaction, affirming that the deal is being executed on an arm’s length basis.
The core details of the Slump Sale Agreement between the two entities are summarized below:
| Detail | Description |
|---|---|
| Acquiring Entity | Jaykay Enterprises Limited |
| Selling Entity | Patange Industries Private Limited (PIPL) |
| Transaction Type | Slump Sale Agreement (SSA) |
| Business Scope | Defence precision manufacturing, fabrication, and engineering design services |
| Consideration | Rs. 5,00,00,000 (Rupees Five Crores only) net cash consideration |
| Basis of Acquisition | Going concern |
JAYKAY Stock Price Movement
Today, shares of Jaykay Enterprises Limited edged higher, closing at ₹153.92, and marking a 0.31% gain for the session. The stock was supported by robust trading activity, which saw a volume of 90,338 shares traded during the day.Source:
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