JK Tyre & Industries rises on getting nod to acquire 26% equity shares in FPEL
JK Tyre & Industries is currently trading at Rs. 442.10, up by 1.05 points or 0.24% from its previous closing of Rs. 441.05 on the BSE.
The scrip opened at Rs. 441.05 and has touched a high and low of Rs. 451.00 and Rs. 440.85 respectively. So far 40197 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 611.60 on 11-Feb-2026 and a 52 week low of Rs. 231.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 489.95 and Rs. 420.40 respectively. The current market cap of the company is Rs. 12787.08 crore.
The promoters holding in the company stood at 51.72%, while Institutions and Non-Institutions held 24.43% and 23.85% respectively.
JK Tyre & Industries has received approval from directors for Share Subscription and Shareholders Agreement for an investment of Rs 1.53 crore for acquiring 26% equity shares of FPEL Burning Brigh (FPEL). In order to comply with regulatory requirement for captive power consumption under Indian Electricity laws, the Company will acquire and maintain minimum 26% stake in FPEL throughout the term of the Power Purchase Agreement, Share Subscription and Shareholders Agreement, etc.
The company has also received approval from directors for signing of Share Transfer and Shareholders Agreement for an investment of Rs 5.04 crore for acquiring minimum 26% equity shares of Sunpulse Power.
The directors at their meeting held on March 05, 2026 has approved the same.
