Kesoram Industries concludes sale of its shareholding in Cavedish Industries

To J K Tyre Group

Kesoram Industries announced that it has completed the sale of Company's entire shareholding in its subsidiary, Cavendish Industries to J K Tyre Group on 13 April 2016 and the deal stands finally concluded.

Notwithstanding the sale referred to above, the Company remains strongly committed to its presence in the Tyre Business and continues to operate a tyre manufacturing facility in Balasore, Odisha. Birla Tyres will continue to be present in all products and market segments.

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