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JK Tyre & Industries receives CCI nod for acquisition of Cavendish Industries

22 Feb 2016 Evaluate

JK Tyre & Industries has received an approval from Competition Commission of India (CCI) in relation to its proposed acquisition of Cavendish Industries. Earlier on September 12, 2015, JK Tyre and its subsidiary JK Asia Pacific Singapore, had signed a binding term sheet with Kesoram Industries (KIL) to acquire 100% equity in Cavendish Industries for Rs 2,200 crore.

JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.


Peers
Company Name CMP
MRF 118639.95
Apollo Tyres 384.95
JK Tyres & Inds. 305.90
Ceat 3144.20
Balkrishna Inds. 2100.60
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