JK Tyre & Industries is investing Rs. 1.38 Cr to acquire 26% of STTY RE Banmore Ltd. (STRBL), a promoter group entity.

This strategic stake will secure 6 MWp solar power for JK Tyre's operations for 25 years at competitive market rates.

STRBL will manage the entire Rs. 17.70 Cr project capex, making this a capital-efficient move for JK Tyre.

The acquisition boosts energy security and operational efficiency through renewable power, aligning with captive power regulations and making STRBL an associate.