Balkrishna Industries has received an approval for amalgamation of its wholly owned subsidiary company ‘BKT Exim’ with itself. The board of directors at its meeting held on February 13, 2016 has approved for the same.
The board has also authorized some Directors/officers of the company to obtain required professional advice in relation to the proposed amalgamation, to take all necessary steps in relation thereto and prepare and present a draft scheme of amalgamation and all related documents for the consideration of and approval by the board at a later date.
Balkrishna Industries operates mainly in the business segment of tires. It focuses on the production of a range of off-highway tires that includes agricultural, industry, material handling, forestry, lawn and garden, construction and earth moving tires.
| Company Name | CMP |
|---|---|
| MRF | 130559.05 |
| Apollo Tyres | 409.20 |
| CEAT | 3325.15 |
| Balkrishna Inds. | 2263.25 |
| JK Tyres & Inds. | 406.10 |
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