JK Tyre said the acquisition of Cavendish Industries Ltd based in Haridwar would allow it to expand its truck and bus radial tyre production, as well as start producing tyres of motorcycles and tricycles.
The deal will be funded by a mix of debt and internal resources and is expected to close over the next few months, JK Tyre said in the filing.
Kesoram is part of the BK Birla Group, while JK Tyre is part of the JK Group.

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