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
2638 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
Volkswagen Launches Tayron R-Line SUV in India at ₹46.99 Lakh
Sarthak Mahajan
19 Feb 2026
Volkswagen India enters the premium SUV segment with its feature-rich Tayron R-Line, offering Level 2 ADAS technology, a...
Volvo Car India and ChargeZone Open Ultra-Fast Charging Station Near Igatpuri
Sarthak Mahajan
19 Feb 2026
The jointly inaugurated 360kW charging facility near Igatpuri features two dynamic load balancing dispensers and is the ...
JSW Greentech’s 12M Electric Bus Secures CMVR Type Approval from ARAI
Sarthak Mahajan
19 Feb 2026
With this, JSW moves closer to commercial rollout of is first electric bus.
