Morgan Stanley Asia (Singapore) has sold 4,650,000 shares of Apollo Tyres through an open market transaction. The shares were sold at an average price of Rs 102.06 on the National Stock Exchange (NSE) on December 30, 2013.
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.
