White Iris Investment has disposed 4.5% stake in Apollo Tyres for Rs 1,281 crore through open market transactions. White Iris Investment, a public shareholder in Apollo Tyres, offloaded more than 2.85 crore shares of the company in 22 tranches. The shares were disposed of at an average price of Rs 448.35 apiece.
Edelweiss Mutual Fund (MF), UTI MF, ICICI Prudential MF, Nippon India MF, Invesco MF, Societe Generale, Goldman Sachs Investments (Mauritius) I, Morgan Stanley Asia Singapore, and Plutus Wealth Management LLP, among others were the buyers of the shares.
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.
