20 Nov 2025 | 3 Mins Read
JK Tyre to sell 40 lakh Cavendish Industries shares for ₹130.64 cr
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JK Tyre & Industries Limited's subsidiary JK Tornel to sell 40,00,000 CIL shares to SMMS Trust for Rs. 130.64 crore, valuing shares at Rs. 10 each. The deal does not affect CIL's subsidiary status. JK Tyre reported a 64% jump in Q2 net profit to ₹221 crore and a 10.8% rise in revenue to ₹4,011 crore.