JK Tyre Completes Merger of Cavendish Industries

25 Dec 2025 CW Team

JK Tyre & Industries recently announced the successful completion of the merger of its subsidiary, Cavendish Industries, with the parent company. The integration marks a key milestone in JK Tyre’s strategy of building scale through a balanced mix of organic and inorganic growth.

Cavendish was acquired in 2016 from Kesoram Industries. At the time of acquisition, the company’s manufacturing facilities were operating at around 30 per cent capacity, producing truck and bus radial, truck and bus bias, and two- and three-wheeler tyres.

Following the acquisition, JK Tyre provided comprehensive managerial, financial and technical support, enabling a rapid turnaround. Streamlined manufacturing processes helped raise capacity utilisation to about 95 per cent, while capacity expansion at the Laksar plant further strengthened Cavendish’s contribution to JK Tyre’s overall operations.

The merger is expected to unlock value through operational synergies, economies of scale, a broader product portfolio and an expanded distribution network. It also represents JK Tyre’s third major turnaround after Vikrant Tyres and JK Tornel Mexico, reinforcing the company’s long-term focus on sustainable and resilient growth.

Infrastructure Urban

25 Dec 2025

Assam Poised as Act East Gateway, Sonowal tells Guwahati Dialogue

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Tuesday said Assam is uniquely positioned to emerge as a regional growth hub under India’s Act East Policy, calling on entrepreneurs to leverage the state’s strategic geography, improving connectivity and governance reforms to drive inclusive development across the Northeast.Delivering the keynote address at the second Guwahati Dialogue, Sonowal said Assam has the potential to cater to a market of nearly 800 million people extending from Nepal to Myanmar, as India strengthens economic and logistical integration with Sout..

Industrial Parks Drive Smarter Infrastructure, Stronger Growth

Industrial parks are increasingly emerging as a key instrument in advancing India’s industrialisation and innovation agenda, playing a vital role in strengthening the country’s manufacturing base and economic competitiveness. Developed through collaboration between the government, state authorities and the private sector, these parks are designed to attract investment, enable efficient industrial operations and promote balanced regional development.An industrial park typically comprises a planned and developed tract of land designated for industrial use, often supported by shared infrastru..

CCI Approves Asia II Topco’s Warrant Acquisition in Federal Bank

The Competition Commission of India (CCI) has approved the acquisition of certain warrants of Federal Bank by Asia II Topco XIII, paving the way for a minority investment in the private sector lender.The proposed combination involves Asia II Topco XIII acquiring warrants issued by Federal Bank, with each warrant carrying the right to subscribe to one fully paid-up equity share of the bank. Upon full exercise of these warrants, the acquirer is expected to hold 9.99 per cent of Federal Bank’s paid-up share capital on a fully diluted basis.As part of the transaction, the acquirer will also have..