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NCLT approves JK Tyre's merger with Cavendish Industries

pre-market1 source ↓written by the desknot a recommendation

effective
1 Apr 2025
for every
92 shares of JK Tyre
held
100 shares

The National Company Law Tribunal (NCLT) has approved the merger between JK Tyre and Cavendish Industries, effective from 1 Apr 2025. Shareholders of Cavendish will receive 92 shares of JK Tyre for every 100 shares held. This merger aims to enhance operational synergies and economies of scale in the automotive tyre sector. 🚗

The consolidation is expected to optimize administrative costs and improve overall efficiency, which may positively impact market sentiment.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 21 Nov 2025, 07:04 IST.

Sourcesnews.google.com

The market after the news

JKTYRE closed −0.9% on the day of the news, from ₹450.55 to ₹446.45; Nifty −0.5% over the same session.

Bulletin at 07:04 IST on 21 Nov 2025. Every change is measured from ₹450.55, the last close before it, on 20 Nov. Nifty 50 is measured over the same sessions.

  • JKTYRE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
JKTYRE closes around the bulletin against the close before the news, with Nifty 50 rebased to it399.91450.55501.19axis spans 25%before the news · 20 Nov450.55Nifty 50JKTYREbulletinD0+1+3+514 Nov26 Nov5 DecReference close ₹450.55. 16 sessions from 14 Nov to 5 Dec; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Nov₹450.55basebase
On the day21 Nov₹446.45▼ −0.9%▼ −0.5%−0.4 pp difference
+1 session24 Nov₹446.85▼ −0.8%▼ −0.9%+0.1 pp difference
+3 sessions26 Nov₹456.00▲ +1.2%▲ +0.1%+1.2 pp difference
+5 sessions28 Nov₹447.00▼ −0.8%0.0%−0.8 pp difference
Gap at the open, % · ₹
0.0%0.00 on 21 Nov
Day's range, % · ₹
4.0%≈ 18 high to low
Volume on the day
0.52×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · JKTYRE on the desk →

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