JK Tyre Industries, India’s third largest tyre manufacturer to buy Haridwar manufacturing unit of Kesoram Industries for 2200 crore.
- Kesoram Industries, part of the BK Birla group has an estimated debt of Rs.3800 crore. This debt will come down to Rs.3000 crore after this deal.
- JK tyre will improve their growth in the truck and bus radials segment with this deal. The acquisition also improve the company into 2/3 wheeler tyre market.
- Chairman & MD of JK Tyre & Industries Ltd – Raghupati Singhania
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