JK Tyres, which is India’s third-largest tyre maker, is buying Haridwar tyre plant of BK Birla’s diversified firm Kesoram Industries for Rs 2,200 crore..Shardul Amarchand Mangaldas and Dua Associates acted for JK Tyres..The Amarchand Mangaldas team was led by Corporate Partner Kalpataru Tripathy while Dua team was led by Partners Sita Khosla and Nirvaan Gupta..S&R Associates acted for Kesoram Industries with a team led by Partners Sandip Bhagat, Rajat Sethi and Mohit Gogia along with Shivaji Bhattacharya, Neha Goyal and Prateek Sharma..The acquisition is expected to help JK Tyres boost expansion in the truck and bus radials segment as well as its entry into the two- and three- wheeler tyre market, reports VCCircle.
JK Tyres, which is India’s third-largest tyre maker, is buying Haridwar tyre plant of BK Birla’s diversified firm Kesoram Industries for Rs 2,200 crore..Shardul Amarchand Mangaldas and Dua Associates acted for JK Tyres..The Amarchand Mangaldas team was led by Corporate Partner Kalpataru Tripathy while Dua team was led by Partners Sita Khosla and Nirvaan Gupta..S&R Associates acted for Kesoram Industries with a team led by Partners Sandip Bhagat, Rajat Sethi and Mohit Gogia along with Shivaji Bhattacharya, Neha Goyal and Prateek Sharma..The acquisition is expected to help JK Tyres boost expansion in the truck and bus radials segment as well as its entry into the two- and three- wheeler tyre market, reports VCCircle.