SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Apollo Tyres to use Rs 1500 crore QIP proceeds for expansion: Report

27 Dec 2017 Evaluate

Apollo Tyres is reportedly looking to partially use the recently raised Rs 1500 crore Qualified Institutional Placement (QIP) proceeds to develop a new greenfield facility in Andhra Pradesh. The company is also planning to use part of the funds to double capacity at its facility in Chennai, as it seeks to consolidate its leadership position in the truck bus radials and the passenger cars tyres segment in the local market.

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.

Apollo Tyres Share Price

445.30 1.55 (0.35%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×