JK Tyre fixes Record Date for Rights Issue

JK Tyre & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 28, 2008 has fixed July 14, 2008 as the Record Date for deciding the entitlement of shareholders under the proposed Rights Issue.The Stock closed the day at Rs.94.15, down by Rs.4.30 or 4.37%. The stock hit an intraday high of Rs.102.70 and low of Rs.92.The total traded quantity was 27485 compared to 2 week average of 10525.