CCI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited

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..... CCI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited - News and Press Release Dated:- 14-4-2020 - News - 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 hold .....

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..... ing 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. T .....

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..... he 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, technolog .....

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..... y, 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, m .....

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..... ulti utility vehicle, light trucks, etc., and retreading material. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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