JK Tyre Subsidiary to Divest Stake in Cavendish Industries for ₹130.64 Crore

’s subsidiary has entered into an agreement to divest 40 lakh shares of Cavendish Industries Ltd for ₹130.64 crore, underscoring a strategic move to streamline holdings and potentially unlock value. The transaction reflects the parent company’s ongoing efforts to optimise its investment portfolio, improve capital allocation, and sharpen focus on core tyre-business operations signalling disciplined financial management and shareholder-value intent. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.