JK Tyre allots shares for Cavendish Industries amalgamation

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JKTYRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹508.00

prior close

₹501.45

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-1.8% vs market

Tyres & Rubber Products peers, median of 15sector-0.1%-1.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Smallcap 250 and 1.8 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+0.2

15m

-0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.2-1.8-0.1-1.8

Next day

-1.9-0.7-1.1-1.2-0.7

-0.5-0.9+0.4+0.1-0.6

-0.9+0.2-1.1-0.7-0.2

+1.8+0.1+1.6-0.1+1.9

+0.9+0.9-0.0+0.1+0.8

+0.4+0.9-0.5+0.1+0.4

15d

-0.4-3.7+3.4-3.6+3.3

+1.2-7.8+9.0-4.5+5.6

+4.4-3.6+8.0-6.8+11.3

-21.9-12.0-9.9-14.6-7.3

UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JK Tyre allotted 1.42 crore equity shares of Rs 2 face value to eligible shareholders of Cavendish Industries Ltd (CIL) under the NCLT-approved scheme of amalgamation. Swap ratio: 92 JK Tyre shares for every 100 CIL shares held. Paid-up equity capital rose from 27.40 crore to 28.83 crore shares. New shares will be listed on BSE and NSE.

Likely market impact

Share count rises about 5.2% via share issuance; existing shareholders face dilution. NCLT-sanctioned merger with CIL is now effective.