Apollo Tyres to raise 2 bln rupees via public issue

Newswire

MUMBAI, May 26 (Reuters) - The board of Apollo Tyres Ltd. has approved a plan to raise 2 billion rupees through a public issue of shares, the company said on Friday. The company also plans a rights issue. The shareholders of the company would get one share for every six held under the rights issue, it said. The company would also allot one warrant for every four rights shares issued.

Premium Content (PAID Subscription Required)

"Apollo Tyres to raise 2 bln rupees via public issue" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×