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JK Tyre & Industries rises on receiving CCI nod for acquisition of Cavendish Industries

22 Feb 2016 Evaluate

JK Tyre & Industries is currently trading at Rs. 81.70, up by 1.00 points or 1.24% from its previous closing of Rs. 80.70 on the BSE.

The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 82.20 and Rs. 81.25 respectively. So far 23,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.65 on 15-Apr-2015 and a 52 week low of Rs. 76.25 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 84.25 and Rs. 78.40 respectively. The current market cap of the company is Rs. 1,853.00 crore.

The promoters holding in the company stood at 52.34% while Institutions and Non-Institutions held 12.83% and 34.83% respectively.

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.


JK Tyres & Inds. Share Price

428.30 8.35 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
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