BNP Paribas Arbitrage has sold over 34 lakh shares of Apollo Tyres for Rs 82.17 crore through an open market transaction. BNP Paribas Arbitrage offloaded 34,45,377 shares, amounting to 0.6% stake, in the tyre maker on NSE. The shares were disposed of at an average price of Rs 238.5 apiece, valuing the transaction at Rs 82.17 crore.
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.
