Dr Raghupati Singhania, Chairman, JK Tyre: “The Transaction is a reflection of the inherent strength of the Company in undertaking acquisitions with turnaround potential."

The acquisition will provide JK Tyre with further impetus towards ready expansion in the Truck & Bus Radials segment where it is a market leader as well as entry into the fast growing 2 / 3 Wheeler tyre market. Accordingly, JK Tyre estimates the transaction to be strategic, revenue accretive and synergistic with its existing tyre business.

Per Dr Raghupati Singhania, Chairman of JK Tyre - "The Transaction is a reflection of the inherent strength of the Company in undertaking acquisitions with turnaround potential and successfully delivering results to all the stakeholders in the business. This was recently evidenced by a similar success story in JK Tyre's acquisition of Tornel, Mexico."
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