Top M&A's in auto industry in 2015
JK Tyre - Kesoram Industries for Rs 2,200 crore
December 07, 2015, 00:03 ISTIn September, JK Tyre & Industries, India's third largest tyre maker, has acquired the tyre business of Kesoram Industries (KIL).
JK Tyre will buy cent percent stake in Cavendish Industries which runs KIL's tyre business for Rs 2200 crore.
The acquisition of the Haridwar-based unit is expected to complete by December 2015.
The acquisition will provide help to JK tyre in entering the fast growing 2 / 3 Wheeler tyre market.
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