JK Tyre & Industries Limited has informed the Exchange about Acquisition
JKTYRE · price
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JK Tyre & Industries has approved an investment of Rs. 1.31 crore to acquire 26% equity shares in Roofsol Renewables Five Pvt. Ltd (RRFPL), a Special Purpose Vehicle and wholly-owned subsidiary of Roofsol Energy Pvt. Ltd. The acquisition is being made to comply with regulatory requirements for captive power consumption under Indian Electricity laws. RRFPL was incorporated on 1st April 2025 and has NIL turnover. The entity is setting up a captive solar power plant at JK Tyre's Laksar Tyre Plant in Uttarakhand. The deal is a cash transaction, requires no regulatory or government approvals, and is expected to complete within 180 days.
This is a small, compliance-driven acquisition aimed at securing captive solar power for JK Tyre's manufacturing operations. It has limited direct impact on the company's financials given the Rs. 1.31 crore investment size, but supports the company's energy compliance and sustainability objectives.