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Apollo Tyres Ltd — Capital/Financing Update 2025
Apr 28, 2025
61342_rns_2025-04-28_375b6491-2a27-4572-97da-39175cbd1f01.pdf
Capital/Financing Update
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ATL/SEC/21
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April 28, 2025
The Secretary, The Secretary, BSE Ltd. National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai - 400 051
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘SEBI Listing Regulations’), we wish to inform you that the Company has acquired 3.43% of the equity share capital in Green Infra Wind Power Projects Limited (GIWPPL). Post this acquisition, equity percentage shareholding of the Company in GIWPPL will increase to 21.27%.
Details as required in terms of Regulation 30 of the SEBI Listing Regulations, as amended, read with SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are annexed to this letter (Annexure A).
We request you to take the same on record.
Thanking You,
Yours faithfully,
For Apollo Tyres Ltd
SEEMA Digitally signed by SEEMA THAPAR THAPAR Date: 2025.04.28 17:55:12 +05'30' Seema Thapar Company Secretary & Compliance Officer
Registered Office: Apollo Tyres Ltd. 3[rd] Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:[email protected]
Annexure A
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Acquisition (including agreement to acquire):
| **S.No. ** | Particulars | Remarks |
|---|---|---|
| a | Name of the target entity, details in brief such as size, turnover etc |
Green Infra Wind Power Projects Limited (GIWPPL) is operating installed capacity of 24 MW wind power project in the State of Tamil Nadu. The Turnover of the Company is Rs. 235.25 Mn as on March 31, 2024. |
| b | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at“arms length” |
No |
| c | Industry to which the entity being acquired belongs; |
Power Sector – Renewable Energy |
| d | Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); |
Procurement of Wind Power |
| e | Brief details of any governmental or regulatory approvals required for the acquisition |
Indian Electricity Rules 2005 |
| f | Indicative time period for completion of theacquisition |
By first week of May 2025. |
| g | consideration - whether cash consideration or share swap or any other form and details of the same |
Mode of payment for subscription – o Cheque o Demand Draft o Other Banking Channel |
| h | Cost of acquisition and/or the price at which the shares are acquired |
Details of Current Acquisition: 60,000 equity shares @ Rs.10 per share aggregating to Rs. 6,00,000/-representing 3.43% of the equity share |
Registered Office: Apollo Tyres Ltd. 3[rd] Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:[email protected]
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| capital of the target Company. Post this acquisition, equity percentage shareholding of the Company in GIWPPL will increase to 21.27%. Details of Previous Acquisition: Prior to current acquisition, the Company holds 3,12,000 equity shares @ Rs.10 per share representing 17.84% of the equity share capital of the target Company. |
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|---|---|---|
| i | Percentage of shareholding / control acquired and / or number of shares acquired |
Percentage – 3.43% No of shares : 60,000 equity shares |
| j | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) |
Green Infra Wind Power Projects Limited (GIWPPL) is operating installed capacity of 24 MW wind power project in the State of Tamil Nadu. The paid-up share capital of the Company as on date is Rs. 1,74,89,800/- GIWPPL is the subsidiary of Sembcorp Green Infra Private Limited. Country in which the acquired entity has presence: India Date of incorporation of the Company:July 4, 2011 Turnover: Rs. 235.25 Mn as on March 31, 2024 Rs. 208.81 Mn as on March 31, 2023 Rs. 274.35 Mn as on March 31, 2022 |
Registered Office: Apollo Tyres Ltd. 3[rd] Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:[email protected]