JK Tyre & Industries to acquire additional stake in M/s Renew Wind Energy

06 Feb 2024 Evaluate

JK Tyre & Industries has received approval to invest in 50,000 equity shares of M/s Renew Wind Energy (AP) at the rate of Rs 204 per equity share of Rs 10 each, including premium of Rs 194 per equity share. After the investment, the Company's shareholding in M/s Renew Wind Energy (AP) will increase to 65,700 equity shares (from 4.35% to 18.22%). The Board at its meeting held on February 06, 2024 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.

JK Tyres & Inds. Share Price

389.80 8.65 (2.27%)
23-Dec-2024 11:08 View Price Chart
Peers
Company Name CMP
MRF 129797.05
Apollo Tyres 532.70
CEAT 3029.65
JK Tyres & Inds. 389.80
Balkrishna Inds. 2821.45
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