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Apollo Tyres Ltd — Capital/Financing Update 2025
May 6, 2025
61342_rns_2025-05-06_3c0d2345-06be-4cbf-a3ef-b917845d27d6.pdf
Capital/Financing Update
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May 6, 2025
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ATL/SEC/21
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
Ref: Our disclosure dated April 28, 2025
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 has increased 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
Digitally signed SEEMA by SEEMA THAPAR THAPAR Date: 2025.05.06 12:51:58 +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):
| Acq | uisition (including agreement to acquire): | Annexure A | ||||
| S. | **No. ** | Particulars | R | emarks | ||
| a | Name of the target entity, details in briefsuch as size, turnover etc | GopC | reen Infra Wind Power Projects Limited (GIWPPL) isperating installed capacity of 24 MW wind powerroject in the State of Tamil Nadu. The Turnover of theompany is Rs. 235.25 Mn as on March 31, 2024. | |||
| b | Whether the acquisition would fall withinrelated art transaction(s) and whether the | No | ||||
| pypromoter/promotergroup/groupcompanies have any interest in the entitybeing acquired? If yes, nature of interest anddetails thereof and whether the same is doneat“arms length” | ||||||
| c | Industry to which the entity being acquiredbelongs; | Power Sector – Renewable Energy | ||||
| d | Objectsandimpactofacquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business isoutside the main line of business of thelisted entity); | Procurement of Wind Power | ||||
| e | Brief details of any governmental orregulatory approvals required for theacquisition | Indian Electricity Rules 2005 | ||||
| f | Indicative time period for completionof theacquisition | May 6, 2025 | ||||
| g | consideration - whether cash considerationor share swap or any other form and detailsof 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 whichthe shares are acquired | Details of Current Acquisition**:**60,000 equity shares @ Rs.10 per share aggregating toRs. 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 ofthe Company in GIWPPL has increased to 21.27%.Details of Previous Acquisition:Prior to current acquisition, the Company holds3,12,000 equity shares @ Rs.10 per share representing17.84% of the equity share capital of the targetCompany. | ||
|---|---|---|
| i | Percentage of shareholding / controlacquired and / or number of shares acquired | Percentage – 3.43%No of shares : 60,000 equity shares |
| j | Brief background about the entity acquiredin terms of products/line of businessacquired, date of incorporation, history oflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (in brief) | Green Infra Wind Power Projects Limited (GIWPPL) isoperating installed capacity of 24 MW wind powerproject in the State of Tamil Nadu. The paid-up sharecapital of the Company as on date is Rs. 1,74,89,800/-GIWPPL is the subsidiary of Sembcorp Green InfraPrivate Limited.Country in which the acquired entity has presence:India**Date of incorporation of the Company:**July 4, 2011Turnover:Rs. 235.25 Mn as on March 31, 2024Rs. 208.81 Mn as on March 31, 2023Rs. 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]