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India

JK Tyre, India raises INR 5 billion for growth capex

On January 1, JK Tyre & Industries Limited concluded its fund-raising plans of INR 5 billion by way of Qualified Institutional Placement (QIP). QIP funds will be used for growth capex and strengthening of the balance sheet. JK Tyre is one of the leading tire manufacturers in India.
Based on JK Tyre & Industries Limit....

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