MoneyWorks4Me

Apollo Tyres to acquire 5.09% stake in Green Infra Wind Energy Generation

18 May 2024 Evaluate

Apollo Tyres is all set to acquire 5.09% shareholding of Green Infra Wind Energy Generation. The acquisition is to be completed by June 2025. The objective of acquisition is procurement of renewable power. Green Infra Wind Energy Generation is operating Group Captive Power Plant Projects in the State of Tamil Nadu.

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 123000.00
Apollo Tyres 408.60
JK Tyres & Inds. 339.40
Ceat 3266.80
Balkrishna Inds. 2058.00
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