Deals19 Nov 2025, 06:51 pm
JK Tornel, a Subsidiary of JK Tyre & Industries, to Sell Shares of Cavendish Industries to SMMS Trust for Rs. 130.64 Crore
AI Summary
JK Tornel, a subsidiary of JK Tyre & Industries Ltd., has agreed to sell 40,00,000 Equity Shares of Cavendish Industries Ltd., a subsidiary of the Company, to SMMS Trust at a consideration of Rs. 130.64 Crore. The sale does not involve any related parties and the buyer, SMMS Trust, does not belong to the promoter/promoter group/group companies. Cavendish Industries Ltd. will continue to be a subsidiary of the Company post the sale.
Key Highlights
- JK Tornel to sell 40,00,000 Equity Shares of Cavendish Industries Ltd. to SMMS Trust.
- The consideration for the sale is Rs. 130.64 Crore.
- The sale does not involve any related parties.
- SMMS Trust does not belong to the promoter/promoter group/group companies.
- Cavendish Industries Ltd. will continue to be a subsidiary of the Company post the sale.