NEW DELHI, Nov 17 (Reuters) - India's Apollo Tyres Ltd said on Monday its board had approved the sale of a 14.9 percent stake to Europe's largest tyremaker, Michelin, at about 235 rupees for each share, worth about $28 million. Sunam Sarkar, chief of strategy and business operations, told Reuters the allotment price would be between 235 rupees and 236 rupees a share, based on a formula by SEBI (Securities and Exchange Board of India. The allotment is at a discount to Apollo's market ...
Premium Content (PAID Subscription Required)
"India Apollo says Michelin allotment 235 rupees/shr" 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642