27
Jan
Chennai (Tamil Nadu) [India], January 27: “Emerald Tyre Manufacturers Limited (NSE: ETML | INE0RHD01013) is one of the largest manufacturers and exporters of Off-Highway Tyres, has taken a decisive step in its international growth journey by acquiring a 65% controlling stake in SA Rubber Engineering Pty. Ltd., South Africa. The proposed acquisition approved by ETML’s Board of Directors on 22 January 2026, involves an investment of up to ₹14 crore, through a combination of cash and non-cash consideration. Upon completion, SA Rubber Engineering will operate as a subsidiary of ETML, with the proposed acquisition expected to close within 6–8 months.…
