Bengal & Assam Company Ltd — Important, 19-11-2025: Company Update

Bengal & Assam Company (BACL) and its subsidiary, J.K. Fenner (India) Limited (JKFIL), are acquiring 40 lakh equity shares of Cavendish Industries Limited (CIL) from JK Tornel, a JK Tyre subsidiary. BACL will acquire 6 lakh shares for Rs. 19.60 Cr, and JKFIL will acquire 34 lakh shares for Rs. 111.04 Cr, totaling Rs. 130.64 Cr. This strategic investment, as BACL is a promoter of JK Tyre, is in the Tyres & Rubber Products sector. CIL will remain a subsidiary of JK Tyre after the acquisition.