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JK Tyre to acquire 26% stake of Treel Mobility Solutions

02 Aug 2019 Evaluate

JK Tyre & Industries has received an approval for acquisition of 26% of the Equity Share Capital of Treel Mobility Solutions. The Board of Directors of the company at their meeting held on August 01, 2019, approved the same.

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 122290.70
Apollo Tyres 402.20
JK Tyres & Inds. 329.35
Ceat 3231.35
Balkrishna Inds. 1997.90
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