Connect with us

JK Industries to Separate Tyre Business

(Clacton, U.K./Tyres & Accessories) JK Industries is planning to de-merge its assets in order to better focus its tyre business. The company’s board has today approved the proposal of de-merger.

Advertisement

According to the India’s Business Standard newspaper, the investments will be transferred to a new company at their respective book values. Ernst & Young and Amarchand Mangaldas and Suresh A. Shroff & Co. (AMSS) have been appointed as advisors and legal advisors, respectively, the company told the Bombay stock exchange. JK Tyres manufactures the JK and Vikran tyre and produces 7.2 million units each year.

Advertisement
Click Here to Read More
Advertisement

Advertisement
Click to comment

POPULAR POSTS

TPMS-2021 TPMS-2021

TPMS

Resolutions for New TPMS Goals

goodyear-cooper-TR1400 goodyear-cooper-TR1400

News

Goodyear to Acquire Cooper Tire for Approx. $2.8B

Triangle-TB577A-OTR-Tire Triangle-TB577A-OTR-Tire

OTR/Ag/Specialty Tires

Triangle Releases TB577A (E-4) OTR Radial Tire

Camso-TLH-732_Plus Camso-TLH-732_Plus

OTR/Ag/Specialty Tires

Camso Releases New TLH 732+ Telehandler Tire

Connect
Tire Review Magazine