JK Tyre, Cavendish Industries
JK Tyre approves merger with arm Cavendish Industries, announces 92:100 share exchange ratio
As part of the merger, shareholders of Cavendish Industries will receive 92 fully paid-up equity shares of JK Tyre (₹2 each) for every 100 equity shares of Cavendish Industries (₹10 each). This share exchange ratio was determined by PwC Business Consulting Services LLP, with ICICI Securities providing a fairness opinion.
JK Tyre & Ind board okays merger with Cavendish Industries; stock gains 3%
The uptick in the JK Tyre & Industries share price came after the company's board approved the merger with Cavendish Industries.
JK Tyre okays merger with arm Cavendish Industries
The proposed merger of Cavendish Industries and JK Tyre is subject to approval from regulatory bodies, stock exchanges.
JK Tyre merges Cavendish for operational synergies
As part of the merger, JK Tyre will issue 92 shares for every 100 shares held by Cavendish Industries’ shareholders, ensuring a proportionate allotment. The shareholding pattern will shift slightly, with the promoter's stake reducing to 49.31% following the merger, JK Tyre adds.
JK Tyre approves merger with Cavendish Industries, stock in focus
JK Tyre's board has approved the merger with Cavendish Industries, offering 92 JK Tyre shares for every 100 Cavendish shares, aimed at boosting operational synergies and enhancing shareholder value.
Here is how JK Tyre shares are trading post merger announcement with Cavendish
Shareholders of Cavendish will get 92 shares of JK Tyre for every 100 shares of Cavendish that they hold as on the record date, which is yet to be determined.
Stocks In News: JK Tyre Merger With Subsidiary Cavendish Inds, Aiming At Streamline Operations
The latest news in the stock market revolves around JK Tyre's merger with its subsidiary, Cavendish Industries. This strategic move is aimed at streamlining operations and enhancing efficiency within the company.
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