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JK Tyre gets nod to invest in TRUERE Galaxy

21 Aug 2024 Evaluate

JK Tyre & Industries has received approval for investment of Rs 1.32 crore in 26% equity shares of face value of Rs 10 each, for cash at par, of M/s TRUERE Galaxy. The objective of investment is to maintain group captive power status. The Directors of the company at their meeting held on August 21, 2024, has approved the same.

JK Tyre & Industries is engaged in the manufacture and marketing of automotive tyres, tubes and flaps. 


Peers
Company Name CMP
MRF 124380.25
Apollo Tyres 412.40
JK Tyres & Inds. 348.60
Ceat 3432.80
Balkrishna Inds. 2171.20
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