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Falcon Tyres acquires 10,000 shares of Falcon Tyres Rubber

31 Jan 2013 Evaluate

Falcon Tyres has acquired 10,000 shares of Rs 10 each at par of Falcon Tyres Rubber. Pursuant to which, Falcon Tyres Rubber has become wholly owned subsidiary of the company with effect from January 30, 2013.

Falcon Tyres manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands for export markets.

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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