JK Tyre to buy Kesoram’s tire unit
Acquisition to strengthen JK Tyre’s presence in India
JK Tyre & Industries has agreed to buy Kesoram Industries' tire manufacturing unit, Cavendish Industries Ltd (CIL), in Haridwar, Uttarakhand (India), for up to INR22 billion (USD331.1 million), reports The Economic Times (ET).
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