JK Tyre & Industries gets nod to acquire 26% equity shares in FPEL
The directors at their meeting held on March 05, 2026 has approved the same
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.
JK Tyre & Industries is engaged in the manufacture and marketing of automotive tyres, tubes and flaps.
