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RBI raises FII limit in Apollo Tyres to 45%

06 Oct 2014 Evaluate

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Apollo Tyres to 45% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs), through primary market and stock exchanges, can now purchase up to 45% of the paid up capital of Apollo Tyres under the Portfolio Investment Scheme (PIS). The company has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit from 40% to 45% for the purchase of its equity shares and convertible debentures by FIIs/ RFPIs.

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

445.35 -4.50 (-1.00%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 134178.75
Apollo Tyres 445.35
Ceat 3723.25
JK Tyres & Inds. 395.00
Balkrishna Inds. 2466.65
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