JK TYRE & INDUSTRIES LTD. - 530007 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
We have to inform that Cavendish Industries Ltd. (CIL), a subsidiary of the Company, made Rights Issue of its equity shares. The Company has been allotted 47,87,679 equity shares @ Rs. 155 per equity share i.e., including a premium of Rs. 145 per equity share, aggregating to Rs. 74.21 Crore. After the said issue, the Company's shareholding in CIL has increased from 71.91% to 74.13% on standalone basis and from 86.41% to 87.46%, with its subsidiary. The details required under Regulation 30 of the said SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are attached.23-03-2022