Jtekt India Limited — Important, 21-07-2025: Updates

JTEKT India is launching a Rights Issue to raise ~₹249.89 Cr. Eligible investors can subscribe 1 new share for every 11 held at ₹108.10. Proceeds will fuel growth: ~₹113.51 Cr for a new Gujarat plant to tap western India demand, ~₹55.37 Cr for in-house Constant Velocity Joint (CVJ) forging at Dharuhera (boosting efficiency, 1.4M parts capacity), and ~₹24.00 Cr for debt repayment. This reduces finance costs and strengthens the balance sheet. Promoters are largely subscribing, signaling strong confidence in the company's future.