Apollo Tyres gains on acquiring Reifencom GmbH for Euro 45.6 million

Apollo Tyres Ltd. | Tyres & Allied | Automobiles | BSE: 500877 | NSE: APOLLOTYRE

17 Nov 2015 Evaluate

Apollo Tyres is currently trading at Rs. 161.80, up by 4.10 points or 2.60% from its previous closing of Rs. 157.70 on the BSE.

The scrip opened at Rs. 161.00 and has touched a high and low of Rs. 162.30 and Rs. 159.25 respectively. So far 45,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 249.45 on 03-Feb-2015 and a 52 week low of Rs. 151.10 on 16-Nov-2015.

Last one week high and low of the scrip stood at Rs. 162.30 and Rs. 151.10 respectively. The current market cap of the company is Rs. 8,261.00 crore.

The promoters holding in the company stood at 44.06%, while Institutions and Non-Institutions held 42.63% and 13.32% respectively.

Apollo Tyres has acquired Reifencom GmbH, one of the largest tyre distributors in Germany for Euro 45.6 million. Reifencom GmbH has an online presence in 6 countries -- Germany, France, Italy, Austria, Switzerland and Denmark. In addition, it operates 37 stores and service centers across Germany.

This acquisition will enable the company to improve its mix of distribution channels in Germany and Europe and aid in increasing the visibility of Apollo and Vredestein tyres in the offline and especially the fast growing online retail space. The consideration of the acquisition will be paid in cash and it expects to complete the deal in next one-three months after getting all regulatory approvals.

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

432.00 1.95 (0.45%)

01-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
MRF	129321.90
Apollo Tyres	432.00
Ceat	3634.95
Balkrishna Inds.	2170.20
JK Tyres & Inds.	396.50
View more..

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