JK Tyre & Industries Limited — JV/Acquisition, 05-03-2026: Acquisition

JK Tyre & Industries is acquiring a minimum 26% stake in Sunpulse Power Private Ltd. (SPPL) for Rs 5.04 Cr. This strategic investment aims to meet regulatory requirements for captive power consumption under Indian Electricity laws. SPPL, incorporated in July 2025, is engaged in solar power generation. This move enhances JK Tyre's operational efficiency by securing a stake in a power generation entity, ensuring compliance and managing energy costs.