Apollo Tyres is currently trading at Rs. 243.75, up by 1.55 points or 0.64% from its previous closing of Rs. 242.20 on the BSE.
The scrip opened at Rs. 244.00 and has touched a high and low of Rs. 244.15 and Rs. 241.20 respectively. So far 64228 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 288.30 on 07-Aug-2017 and a 52 week low of Rs. 171.60 on 16-Feb-2017.
Last one week high and low of the scrip stood at Rs. 244.15 and Rs. 236.00 respectively. The current market cap of the company is Rs. 12420.20 crore.
The promoters holding in the company stood at 44.15%, while institutions and non-institutions held 39.79% and 16.06% respectively.
Apollo Tyres has received an approval for the issue and allotment of 63,025,210 equity shares to eligible qualified institutional buyers (QIBs) at the issue price of Rs 238 per equity share (including a premium of Rs 237 per Equity Share), aggregating to approximately Rs 15,000 million. The Committee of Directors (Funds Raising) of the Company at its meeting held on October 10, 2017, approved the same.
Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.
