Stock Report

JK Tyre fixes terms of Rights Issue

Posted On : 2008-06-29 23:02:55( TIMEZONE : IST )

JK Tyre & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has decided the details of the Proposed Rights Issue of the Company.

The company is coming out with a Rights Issue of 1,02,64,836 Equity Shares in the ratio of 1:3 (One Equity Share for every three Equity Shares held as on the Record Date).

The Price is fixed as Rs 85/- per Equity Share (i.e. Rs 10/- towards face value and Rs 75/- towards premium per Equity Share).

The Full amount of Rs 85/- is payable on application.

Source : Equity Bulls