JK Tyre & Industries has received an approval to invest up to Rs 1.31 crore for acquiring 26% equity shares of Roofsol Renewables Five (RRFPL). In order to comply with regulatory requirement for captive power consumption under Indian Electricity laws, the company will acquire and maintain minimum 26% stake in RRFPL throughout the term of the Power Purchase Agreement, Share Subscription and Shareholders Agreement, etc. The said acquisition is to be completed within 180 days.
The directors of the company at their meeting held on April 15, 2026 have approved the same.
JK Tyre & Industries is engaged in the manufacture and marketing of automotive tyres, tubes and flaps.
