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Cavendish now a JK Tyre subsidiary

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JK Tyre & Industries Ltd reports that the acquisition of tyre, tube and flap manufacturer Cavendish Industries Ltd. was completed on 13 April, and the company is thus now a JK Tyre subsidiary. The Indian tyre maker acquired 64 per cent of all equity shares in Cavendish for Rs 10 each; the remaining equity shares in Cavendish have been acquired by associate and group companies of JK Tyre.

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