MoneyWorks4Me

Apollo Tyres’ Promoter hikes stake

17 Sep 2018 Evaluate

Apollo Tyres’ Promoter -- PTL Enterprises has acquired 2,25,000 shares of the company through market purchases on September 12, 2018. The promoter group entity has bought equity shares for an amount of around Rs 5.19 crore. Its stake in the company has increased from 20,80,000 equity shares (0.36%) to 23,05,000 equity shares (0.40%).

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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