Apollo Tyres Update by Epic Research

To expand truck & bus radial tyre capacity at Chennai unit



To increase capacity to 8,900 tyres per day from 6,900 tyres



To seek shareholder approval to raise up to USD 200 million via issue of securities



Increases FII investment limit to 45 percent from 40 percent



Kalamassery unit to be used for speciality/industrial tyres



To invest USD 340 million into Kalamassery unit



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Posted in: Indian Market Tips