In a move to show solidarity with the ongoing crisis caused by the coronavirus epidemic around the world, Apollo Tyres has announced in a press statement that its leadership will take pay cuts. In its press statement, the company said: The Apollo Tyres Leadership Team has announced a voluntary reduction in pay due to the…
Apollo Tyres, one of the world’s largest tyre manufacturers, announced that its Board of Directors has approved an issuance of compulsorily convertible preference shares in the company worth $150 million to an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing. The investment represents a primary capital infusion into the…