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India

JK Tyre increases stakes in Cavendish industries

On August 17, JK Tyre & Industries Ltd. announced that the directors of the company approved increase in the company's stake in Cavendish industries Ltd. (CIL), a subsidiary of the company, from 64% to 69% on standalone basis and from 80% to 85%, with its subsidiary for INR 400 million. Prime objective of this acquis....

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