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Bengal & Assam Company (BACL) and its subsidiary JK Fenner (JKFIL) have acquired new shares in JK Tyre & Industries Limited as part of a merger. This follows their previous holdings in Cavendish Industries Limited, which was amalgamated into JK Tyre. BACL secured 5,52,000 shares for 18.03 Cr, increasing its stake in JK Tyre to 0.19%. JKFIL acquired 18,40,000 shares for 60.09 Cr, bringing its stake to 0.64%. JK Tyre, an associate company in the tyre sector, reported over 10,000 Cr in standalone turnover in its last financial year. This move strengthens the group's investment in a key sector.