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TMI BlogCCI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres LimitedX X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI) 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 (Emeral ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d) 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 holdi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng 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. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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, technology ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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, mult ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i utility vehicle, light trucks, etc., and retreading material.
Detailed order of the CCI will follow. X X X X Extracts X X X X X X X X Extracts X X X X
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