FIIs increase stake in Apollo Tyres in Q4FY14

Foreign institutional investors (FIIs) have increased shareholding in Apollo Tyres to 34.50% at the end of March 2014 quarter from 28.94% in December 31, 2013. On the other hand, domestic institutional investors (DIIs) have reduced shareholding in the company to 7.86% at the end of March 2014 quarter from 9.21% as on December 31, 2013. Meanwhile, promoter and promoter group shareholding was unchanged at 43.50% at the end of March 2014 quarter. Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.