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Business Standard
JK Tyre & Ind board okays merger with Cavendish Industries; stock gains 3%
The uptick in the JK Tyre & Industries share price came after the company's board approved the merger with Cavendish Industries.
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Tue, Sep 17, 2024
Business Line
JK Tyre shares dip 1.30% following merger announcement with Cavendish Industries
The merger will be carried out through a share swap arrangement, with JK Tyre offering 92 equity shares for every 100 shares of Cavendish Industries
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Tue, Sep 17, 2024
CNBC TV18
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.
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Mon, Sep 16, 2024
The Economic Times
JK Tyres board approves merger of Cavendish Industries
JK Tyre and Industry Ltd's board has approved the merger of Cavendish Industries Ltd. The amalgamation aims to house all businesses under one listed company, bringing benefits like economies of scale, operational synergies, reduced overheads, and improved investor perception. JK Tyres will issue shares proportionately to Cavendish Industries' shareholders.
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Mon, Sep 16, 2024
Business Standard
JK Tyre to invest Rs 1.32 cr to acquire 26% stake in solar energy venture
JK Tyre and Industries is set to invest Rs 1.32 crore for 26% stake in solar power firm Truere Galaxy, that was incorporate less than five months ago
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Wed, Aug 21, 2024
Business Line
We expect premium tyres’ contribution to be two-third by FY26: JK Tyre & Industries
Tyremaker JK Tyre is eyeing a two-third contribution from its premium tyres by FY26. The company will be launching Green Tyres and focus on increasing their touchpoints to rural areas. Anuj Kathuria, President (India), JK Tyre & Industries spoke to businessline on the company’s plans ahead. Excerpts:
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Tue, Jul 2, 2024