JK Tyre Seeking Shareholders’ Approval To Raise Rs 1,000 Crores
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JK Tyre Seeking Shareholders’ Approval To Raise Rs 1,000 Crores

JK Tyre

One of India’s largest tyre manufacturer, JK Tyre and Industries has sought shareholders’ approval to raise up to Rs 1,000 crores by issuing securities. The company has sought the approval from shareholders via postal ballot to raise the funds.

“It is proposed to empower the board to raise funds through an issuance of any one or more types of securities, for an aggregate amount not exceeding Rs 1,000 crore or its equivalent in any foreign currency, in one or more tranches,” JK Tyre & Industries said in a regulatory filing.

 

About the company –

JK Tyre & Industries Ltd, well known as JK Tyre today, stands as the market leader in India for the Truck/Bus Radial Tyre Segment. The company was founded in 1874 and presently has the total production capacity of more than 20 million tyres per annum.

Ankit verma

Author: Ankit verma

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