/ Apollo Tyres Surges Over 5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 1 June 2017


Auto ancillaries player Apollo Tyres soared over 5% at Rs 241.50 per share on BSE in the second half of Thursday’s trade.

The company on the previous day has raised Rs 450 crore through private placement of NCD’s.

The board of the company has allotted 4500 non-convertible debentures of face value of Rs 10 lakh on private placement basis.

The company has recently commissioned its new manufacturing plant in Hungary. The company has also earmarked a CapEx of about 180 million euro for the current fiscal for its European operations- informed Gaurav Kumar, CFO, Apollo Tyres.

Apollo Tyres is engaged in the manufacturing and sale of automotive tyres. Company’s operation is expanded across Europe, India and several other regions of the world.

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