Swiss Finance Corporation (Mauritius) has reportedly sold 38.30 lakh shares or 0.76% stake of Apollo Tyres through the open market route. The shares were sold on an average price of Rs 89.71 valuing the transaction to Rs 34.42 crore.
Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.
