Swiss Finance Corporation (Mauritius) has acquired 55.30 lakh shares of Apollo Tyres for nearly Rs 36 crore through open market transactions. The Foreign investor has purchased around 25.57 lakh shares of Apollo Tyres on the BSE and another 29.73 lakh shares of the company on the National Stock Exchange (NSE) for an average price of Rs 64.88 apiece, valuing the transaction at Rs 35.89 crore.
Apollo Tyres, headquartered in Gurgaon, has a manufacturing presence in Asia, Europe and Africa. With revenues of over $2.34 billion, the company exports to over 100 countries.
