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CCI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited
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....CI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited <br>News and Press Release<br>Dated:- 14-4-2020<br><BR>The Competition Commission of India (C....
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....CI) approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited. The proposed combination envisages subscription by Emerald Sage Investment Limited (Emerald....
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....) to 10.80 crores compulsorily convertible preference shares constituting approximately 9.93% of the post-issue paid up share capital of Apollo Tyres Limited (Apollo). Emerald is an investment holdin....
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....g company incorporated under the laws of Mauritius. Shareholders of Emerald are certain private equity funds managed by Warburg Pincus LLC, which acts as a manager to certain private equity funds. The....
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.... portfolio companies owned by these private equity funds are active in a variety of sectors including energy, financial services, healthcare and consumer, industrial and business services, technology,....
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.... media and telecommunications. Apollo is engaged in manufacturing and sale of automotive tyres. Product portfolio of the Apollo group consists of tyres of passenger car, sports utility vehicle, multi....
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.... utility vehicle, light trucks, etc., and retreading material. Detailed order of the CCI will follow.<BR> News - Press release - PIB....