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JK Tyre seeks shareholders' nod to raise Rs 1000 crore

04 Jan 2017 Evaluate

JK Tyre & Industries is seeking shareholders' approval to raise up to Rs 1,000 crore through issuance of securities. The company has already received its board’s approval for raising funds and sought the approval of the shareholders by 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.

Peers
Company Name CMP
MRF 123000.00
Apollo Tyres 403.95
JK Tyres & Inds. 333.45
Ceat 3284.75
Balkrishna Inds. 1995.60
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