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.
