Business Update6 Feb 2024, 08:41 pm
JK TYRE & INDUSTRIES LTD TO INVEST IN SOLAR POWER COMPANY TO MAINTAIN GROUP CAPTIVE POWER STATUS
AI Summary
The Board of Directors of JK TYRE & INDUSTRIES LTD has approved investment in 50,000 equity shares of M/s Renew Wind Energy (AP) Pvt. Ltd. at the rate of Rs. 204/- per equity share, including premium of Rs. 194/- per equity share, to maintain group captive power status. The company's shareholding in M/s Renew Wind Energy (AP) Pvt. Ltd. will increase to 65,700 equity shares (from 4.35% to 18.22%).,
Key Highlights
- Investment in solar power company to maintain group captive power status
- Increase in shareholding in M/s Renew Wind Energy (AP) Pvt. Ltd. from 4.35% to 18.22%