From Kesoram Industries
JK Tyre & Industries announced that the acquisition of Cavendish Industries from its existing shareholders, namely- Kesoram Industries has been completed on 13 April 2016 and the deal stands finally concluded.The Company has acquired 64% equity shares of Rs. 10 each (fully paid) of Cavendish. Cavendish has thus become a subsidiary of the Company. The remaining equity shares of Cavendish have been acquired by Associates/ Group Companies of the Company.
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