JK Tyre's Board approves merger with Cavendish Industries
The board of JK Tyre & Industries has approved a merger with Cavendish Industries, a subsidiary of the company. This strategic move aims to enhance operational efficiencies and market presence. Following the announcement, JK Tyre's stock saw a 3% increase, reflecting positive investor sentiment.
The merger is expected to streamline operations and expand product offerings, positioning JK Tyre for stronger growth in the competitive tire market. The integration process is anticipated to create synergies that will benefit both companies.
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JK Tyre Reports Rs 36.55 bn Revenue in Q1 FY25
The company posted an EBITDA of Rs 5.16 billion with a margin of 14.1 per cent.
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