Ad
Ad
Ad
Ad
Warburg Pincus held 8% stake in the Apollo tyre manufacturing company, as per the data till the end of September.
Key Highlights:
Warburg Pincus Sold 4.5% Apollo Tyres Stake
They have sold 2,85,79,542 shares
Warburg Pincus sold a 4.5% stake in Apollo Tyres for Rs 1,281 crore. They have sold 2,85,79,542 shares through White Iris Investment, at Rs 448.35 as per the block deals data on the BSE. Compared to the last closing price of the stock, this one was sold at a discount of 1%.
On 19th December, the share of Apollo Tyres reached 0.5% higher at Rs 455.35. The sale kept the stock in the green, as many domestic and foreign institutional investors came forward.
The highest buyer, paying Rs 540 crore for 1,20,44,000 shares, or 1.9% of the total, was Nippon India Mutual Fund.
Morgan Stanley Singapore paid Rs 74 crore for 16,40,000 shares, while Societe Generale bought 23,07,700 shares for Rs 103 crore.
Goldman Sachs, Ghisallo Master Fund, Kotak Mahindra AMC, UTI MF, Edelweiss MF, ICICI Prudential MF, Invesco MF, Nippon India MF, and Plutus Wealth Management were among the other purchasers.
Also Read: Kawasaki Introduced Alloy Wheels & Tubeless Tyres in W175 Street
Ad
Ad
Supreme Court Asks CCI to Reconsider Tyre Company Penalties
Supreme Court urges CCI to review penalties imposed on tyre companies.
30-Sep-2023 11:19 AM
Read Full NewsSupreme Court Asks CCI to Reconsider Tyre Company Penalties
Supreme Court urges CCI to review penalties imposed on tyre companies.
30-Sep-2023 11:19 AM
Read Full NewsIndia Imposes Anti-dumping Taxes on Flat-base Steel Wheels
An official announcement from the Ministry of Finance states that India has extended its anti-dumping taxes on Chinese steel for an additional five years.
13-Sep-2023 10:04 AM
Read Full NewsIndia Imposes Anti-dumping Taxes on Flat-base Steel Wheels
An official announcement from the Ministry of Finance states that India has extended its anti-dumping taxes on Chinese steel for an additional five years.
13-Sep-2023 10:04 AM
Read Full NewsCRISIL Ratings Report: Growth and Profitability for India's Tire Giants
Discover the latest CRISIL Ratings Report on India's tire giants, highlighting their impressive growth and profitability.
08-Sep-2023 02:16 PM
Read Full NewsCRISIL Ratings Report: Growth and Profitability for India's Tire Giants
Discover the latest CRISIL Ratings Report on India's tire giants, highlighting their impressive growth and profitability.
08-Sep-2023 02:16 PM
Read Full NewsTyre Sales in August 2023 in India | MRF leading with 22% Growth
The latest tyre sales trends in India for August 2023. MRF takes the lead with an impressive 22% growth. Stay ahead of the game with our insights.
02-Sep-2023 07:13 AM
Read Full NewsTyre Sales in August 2023 in India | MRF leading with 22% Growth
The latest tyre sales trends in India for August 2023. MRF takes the lead with an impressive 22% growth. Stay ahead of the game with our insights.
02-Sep-2023 07:13 AM
Read Full NewsDalmia Bharat Group's Acquisition of Birla Tyres
Gain valuable insights into Dalmia Bharat Group's acquisition of Birla Tyres with our comprehensive analysis. Discover the key factors driving this strategic move.
29-Aug-2023 12:51 PM
Read Full NewsDalmia Bharat Group's Acquisition of Birla Tyres
Gain valuable insights into Dalmia Bharat Group's acquisition of Birla Tyres with our comprehensive analysis. Discover the key factors driving this strategic move.
29-Aug-2023 12:51 PM
Read Full NewsCheck out new MRF Steel Brace Radial Tyres for High-End Bikes
"Upgrade your ride with MRF's Steel Brace Radial Tyres! Perfect for high-end bikes. Get yours now and hit the road in style."
25-Aug-2023 11:23 AM
Read Full NewsCheck out new MRF Steel Brace Radial Tyres for High-End Bikes
"Upgrade your ride with MRF's Steel Brace Radial Tyres! Perfect for high-end bikes. Get yours now and hit the road in style."
25-Aug-2023 11:23 AM
Read Full NewsAd
Ad