<h1>CCI Approves Emerald Sage's 9.93% Stake Acquisition in Apollo Tyres via Convertible Preference Shares.</h1> The Competition Commission of India has approved the acquisition of a 9.93% stake in Apollo Tyres Limited by Emerald Sage Investment Limited. This transaction involves Emerald subscribing to 10.80 crore compulsorily convertible preference shares, representing approximately 9.93% of Apollo's post-issue paid-up share capital. Emerald, a Mauritius-based investment holding company, is managed by Warburg Pincus LLC and invests in various sectors. Apollo Tyres is involved in the manufacturing and sale of automotive tyres, including those for passenger cars, SUVs, and light trucks. A detailed order from the CCI is expected to follow.