JK Tyre and Industries has raised funds worth Rs 200 crore through issue of equity shares on preferential basis to its promoter group. The preferential issue of equity has been made to part-finance ongoing expansion of the TBR (truck and bus radial tyre) capacity.
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.