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Apollo Tyres rises on getting nod to raise Rs 1,725 crore

08 Aug 2014 Evaluate

Apollo Tyres is currently trading at Rs 169.55, up by 0.90 points or 0.53% from its previous closing of Rs. 168.65 on the BSE.

The scrip opened at Rs. 168.00 and has touched a high and low of Rs 170.50 and Rs 166.00 respectively. So far 227173 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 214.80 on 07-Jul-2014 and a 52 week low of Rs 59.55 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 189.90 and Rs 166.45 respectively. The current market cap of the company is Rs 8661.06 crore.

The promoters holding in the company stood at 44.06% while Institutions and Non-Institutions held 43.17% and 12.77% respectively.

Apollo Tyres has received its shareholders’ nod to raise around Rs 1,725 crore. Of total, the company will raise up to Rs 1,225 crore through issue of securities and up to Rs 500 crore through placement of non-convertible debentures (NCDs).

Shareholders have also approved raising of Foreign Institutional Investors (FII) limit in the company to 45 per cent from 40 per cent earlier.

Recently, the company has announced that it is planning to construct a green field facility in Eastern Europe as part of its overseas expansion plan. In this regard, the company will invest Euros 500 million.

Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.

Apollo Tyres Share Price

445.30 1.55 (0.35%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
View more..

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