India’s leading tyre manufacturer JK Tyre and Industries has gained 3 percent in the intraday share trading. The increase in the shares was witnessed after company board’s approval to raise funds up to INR 1000 crore by means of the issue of securities.
On the 28th December 2016, company had held a meeting in which it had approved the raising of funds by means of public and/or private offerings and / or qualified institutions placement, which also included Global Depositary Receipt (GDR), Foreign Currency Convertible Bonds (FCCB), American Depository Receipts (ADR) or any other grouping thereof for a sum of up to INR 1000 crore. This amount is to be raised in one or more tranches to the eligible investors.
On the Bombay Stock Exchange (BSE), at 13:56 hrs JK Tyre and Industries was quoting at INR 113, which was an up by INR 1.25, or 1.12 percent.
Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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