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JK Tyre & Industries Reports on Utilization of Debenture Proceeds

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JK Tyre & Industries Reports on Utilization of Debenture Proceeds

JK Tyre & Industries Limited ( (IN:JKTYRE) ) has shared an announcement.

JK Tyre & Industries Limited has released a Monitoring Agency Report for the quarter ending December 31, 2024. This report, prepared by CARE Ratings Limited, evaluates the utilization of Rs. 240 crore obtained from the Preferential Issue of Compulsorily Convertible Debentures. The report was created in accordance with SEBI regulations to ensure transparency and accountability in the use of funds, reflecting the company’s commitment to regulatory compliance and efficient financial management.

More about JK Tyre & Industries Limited

JK Tyre & Industries Limited is a prominent player in the tire manufacturing industry, focusing on producing a variety of tire products. The company is well-recognized for its role in the market, catering to diverse vehicle segments and maintaining a strong presence in both domestic and international markets.

YTD Price Performance: -21.16%

Average Trading Volume: 44,527

Current Market Cap: 83.6B INR

Learn more about JKTYRE stock on TipRanks’ Stock Analysis page.

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