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JK Tyre gets nod to raise Rs 1000 crore

29 Dec 2016 Evaluate

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

432.55 11.45 (2.72%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 136666.25
Apollo Tyres 438.40
CEAT 3639.65
Balkrishna Inds. 2271.20
JK Tyres & Inds. 432.55
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