Bengal & Assam Company Ltd increases stake in JK Tyre & Industries Ltd to 24.95% through preferential offer

JK TYRE & INDUSTRIES LTD.'s Promoter, Bengal & Assam Company Limited has purchased 6360350 equity shares of the company through Preferential Offer. The shares were bought for a total amount of Rs. 655116050.

With this acquisition, the shareholding of Bengal & Assam Company Limited has increased from 55074250 (24.28%) to 61434600 (24.95%). The shares were acquired during the period 3/30/2019 to 3/30/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Bengal & Assam Company Limited	6360350	3/30/2019 to 3/30/2019	55074250 (24.28%)	61434600 (24.95%)

Shares of the company was last trading in BSE at Rs.92.8 as compared to the previous close of Rs. 92.85. The total number of shares traded during the day was 54379 in over 450 trades.

The stock hit an intraday high of Rs. 94 and intraday low of 92.6. The net turnover during the day was Rs. 5061495.

Source : Equity Bulls

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