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 […]
Tag: Onkar S kanwar
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 […]