Apollo Tyres plans to raise USD222.9 million through equity share placement
Positive business growth necessitates expansion
Apollo Tyres’ board of directors, in meeting held on 1 February, has approved issue and allotment of equity shares, non-convertible debt instruments along with warrants and/or convertible securities other than warrants of up to INR15 billion (around 222.9 million) through a qualified institutions placement, according to a regulatory filing by the company.
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