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Apollo Tyres to acquire shareholding in KT Telematic Solutions

14 Feb 2018 Evaluate

Apollo Tyres has received an approval to acquire shareholding in KT Telematic Solutions. The Committee of Directors - Investments at their meeting held on February 13, 2018 approved the same.

KT Telematic Solutions is engaged in the business of fleet management solutions, providing telematic analytics for truck and bus, with the aim to help its fleet customers to manage their fleets efficiently.

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.

Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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