JK Tyre to invest Rs 1.32 cr to acquire 26% stake in solar energy venture

Quick Summary:

JK Tyre and Industries is set to invest Rs 1.

This strategic investment will involve purchasing 1.32 million equity shares at a face value of Rs 10 per share, the company said in an exchange filing on Wednesday.

The company’s strategic investments in capacity expansion and renewable energy are poised to strengthen its market position and support its long-term growth objectives.

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Article Details

Category: BusinessFinance

Markets: IndiaMexico

Topics: JK Tyre and Industries JK Tyre Investment in Solar Energy JK Tyre investment Solar power firm Solar power firm acquisition Truere Galaxy JK Tyre Solar Energy Venture Stake

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 16:09:14 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22193804

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

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