Brief: JK Tyre & Industries Says IFC, Co Partner For Expansion Of Energy-Efficient Tyre Manufacturing

JK Tyre & Industries

22/03/2023 07:58

March 22 (Reuters) - JK Tyre & Industries Ltd  JKIN.NS :
    * JK TYRE & INDUSTRIES LTD -  IFC, CO PARTNER FOR EXPANSION
OF
ENERGY-EFFICIENT TYRE MANUFACTURING
    * JK TYRE & INDUSTRIES LTD - IFC’S $30 MILLION INVESTMENT IN
CO
WILL PART-FINANCE EXPANSION OF MANUFACTURING CAPACITIES
    * JK TYRE & INDUSTRIES LTD - IFC TO HOLD 5.6% STAKE IN CO
VIA
ISSUE OF COMPULSORILY CONVERTIBLE DEBENTURES ON PREFERENTIAL
BASIS
    * JK TYRE & INDUSTRIES - INVESTMENT AIMS TO INCREASE
PRODUCTION OF
RADIAL TYRES BY MORE THAN 10 % -FROM 32 MLN TO OVER 35 MLN TYRES
A YEAR BY 2025 

Source text for Eikon:  ID:nBSE9y2fvB 
Further company coverage:  JKIN.NS 

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