JK Tyre approves merger with arm Cavendish Industries, announces 92:100 share exchange ratio
As part of the merger, shareholders of Cavendish Industries will receive 92 fully paid-up equity shares of JK Tyre (₹2 each) for every 100 equity shares of Cavendish Industries (₹10 each). Shares of JK Tyre & Industries Ltd ended at ₹441.35, down by ₹2.55, or 0.57%, on the BSE.