"Approval has been granted at such price as may be determined in accordance with SEBI Regulations, up to an amount aggregating to Rs200cr subject to such approvals as may be required," the company said in a press note after market hours to the exchanges.
"The approval of the members in this connection will be obtained, the
notice of which along with other relevant details will also be submitted to
the Exchanges separately in due course of time," the company added.
JK Tyre & Industries Ltd's share price is currently at Rs90.75, up by Rs2.75 or 3.13%, from its previous close of Rs88 on the BSE.