JK Tyre & Industries Limited (BSE:530007) agreed to acquire 26% stake in Treel Mobility Solutions Private Limited from JK Credit & Finance Ltd. for INR 59.8 million on August 1, 2019. As per the terms, consideration will be paid in cash. As of March 2019, Treel Mobility reported turnover of INR 8.3 million. No regulatory or government approvals are required for the transaction. The transaction is expected to be completed in 60 days. JK Tyre & Industries Limited (BSE:530007) completed the acquisition of 26% stake in Treel Mobility Solutions Private Limited from JK Credit & Finance Ltd. December 31, 2019.