Follow us
JK Tyre raises Rs 500 crore via Qualified Institutional Placement
The QIP funds will be used for growth capex and strengthening the balance sheet.
By Autocar Professional Bureau
2876 Views
JK Tyre & Industries Limited has raised Rs 500 crore by way of a Qualified Institutional Placement (QIP).
The QIP funds will be used for growth capex and strengthening the balance sheet.
The Qualified Institutional Placement was priced at Rs 345 per share, (including a premium of Rs 343 per share, with a face value of Rs 343 per share with a face value of Rs 2 per share.
Dr. Raghupati Singhania, Chairman and Managing Director, JK Tyre said; “We are pleased to have completed QIP of Rs 500 crore. This is an important milestone in our corporate journey. Participation of several reputed investors in the issue endorses their faith and confidence in the Company’s growth story.
Emkay Global Financial Services Ltd managed the issue as sole Lead Manager.
RELATED ARTICLES
India’s Truck Market Consolidation Quickens as M&M Moves Operations Into SML Mahindra
Shahkar Abidi
29 Jul 2026
Consolidation of commercial vehicle operations in a Rs 525 crore slump sale to build a unified entity and target a top-t...
Sona Comstar and Tata STRIVE Set Up Chakan Training Facility to Address EV Skill Gap
Dev Vadchhedia
29 Jul 2026
Joint skill centre aims to supply industry-ready technicians to Pune’s expanding manufacturing and EV manufacturing hub....
MINI India Introduces Limited-Run Convertible Stardust Edition at Rs 62.90 Lakh
Dev Vadchhedia
29 Jul 2026
Imported model features custom grey paint, Union Jack soft top, and a 204 hp turbo petrol powertrain.
