JK Tyres Acquires Cavendish Industries
JK Tyre & Industries has completed the acquisition of Cavendish Industries from BK Birla Group’s company Kesoram Industries, the Indian newspaper the Economic Times reports. The deal was worth Rs 2,195 crore, including Rs 700 crore of equity and Rs 1,495 crore of debt, according to the paper. With the acquisition, JK Tyre will have access
