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Hot Pursuit
17-Jan-22
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Apollo Tyres gains on acquiring 27% stake in CSE Deccan Solar for Rs 9 cr
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Apollo Tyres rose 1.60% to Rs 235.25 after the company made a cash investment of Rs 9.33 crore by acquiring 27.20% stake or 11,66,250 equity shares having face value of Rs 10 each, at a premium of Rs 70 each, on Friday, 14 January 2022.
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CSE Deccan Solar incorporated on 11 February 2019 is a domestic company, and is domiciled in Mumbai, Maharashtra, India. It will be engaged in the business of generation and distribution of solar energy. The company has not yet commenced business.
The tyre maker reported a consolidated net profit of Rs 173.82 crore in Q2 FY22 as against a net loss of Rs 246.28 crore registered in Q2 FY21. Consolidated net sales grew 18.2% to Rs 5,077.32 crore in Q2 FY22 from Rs 4,294 crore posted in Q2 FY21.
Apollo Tyres is an international tyre major with manufacturing units in India, the Netherlands and Hungary.
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Previous News |
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08-Aug-24
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Apollo Tyres on the roll after Q3 PAT jumps 155% YoY
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04-Feb-21
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Apollo Tyres consolidated net profit rises 49.21% in the June 2022 quarter
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Results
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Announcements
13-Aug-22
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Apollo Tyres to discuss results
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Corporate News
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31-Jul-20
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Apollo Tyres standalone net profit declines 85.33% in the December 2021 quarter
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Results
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Announcements
03-Feb-22
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Apollo Tyres appoints director
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Corporate News
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04-Jul-20
12:55
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Apollo Tyres gains on acquiring 27% stake in CSE Deccan Solar for Rs 9 cr
(
Hot Pursuit
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17-Jan-22
09:52
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Apollo Tyres announces board meeting date
(
Corporate News
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31-Oct-23
14:05
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Apollo Tyres
(
Results
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Analysis
17-Nov-18
11:38
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