JK Tyre Industries subscribes to rights issue of subsidiary - Cavendish Industries

29 Mar 2022 , 01:33 AM

JK Tyre Industries has subscribed to the rights issue of its subsidiary Cavendish Industries and has been allotted 4787679 equity shares at Rs 155 per share including premium of Rs 145 per share for an aggregate amount of Rs 7421 crore After the issue the companys shareholding in Cavendish Industries has increased to 7413Percentage from 7191Percentage on standalone basis and to 8746Percentage from 8641Percentage with its subsidiary