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JK Tyre moves higher on getting nod to raise Rs 1000 crore

29 Dec 2016 Evaluate

JK Tyre & Industries is currently trading at Rs. 113.65, up by 1.90 points or 1.70% from its previous closing of Rs. 111.75 on the BSE.

The scrip opened at Rs. 114.40 and has touched a high and low of Rs. 115.00 and Rs. 113.35 respectively. So far 66021 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 161.50 on 06-Oct-2016 and a 52 week low of Rs. 74.05 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 115.00 and Rs. 106.10 respectively. The current market cap of the company is Rs. 2581.14 crore.

The promoters holding in the company stood at 52.34%, while Institutions and Non-Institutions held 13.96% and 33.70% respectively.

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.

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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