JK Tyre & Industries has received its board’s approval to raise up to Rs 1,000 crore by issuing securities. The board approved raising of funds by issue of securities, convertible/non-convertible with or without warrant by way of public and or private offerings in one of more tranches.
This is in suppression of the resolutions of the board for raising funds by issue of non-convertible debentures as announced on November 9. The approval of the members to raise the funds will be obtained by a way of postal ballot.
JK Tyre & Industries is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.
Company Name | CMP |
---|---|
MRF | 128883.05 |
Apollo Tyres | 488.40 |
CEAT | 2271.20 |
Balkrishna Inds. | 2591.45 |
JK Tyres & Inds. | 396.70 |
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