APOLLO TYRES LTD. - Outcome of Committee Meeting

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19 Jun 2014
Apollo Tyres Ltd has informed BSE that the "Committee of Directors (Preferential issue)" at its meeting held on June 19, 2014 allotted 50 lac equity shares of Re. 1/- each, to Classic Auto Tubes Ltd. (a promoter group entity) @ Rs. 86.20/- per Equity Share (including Rs. 85.20/- towards share premium) against receipt of the full payment on exercise of option of conversion of 50 lac warrants into equity shares in accordance with the terms and conditions of issue of warrants. The above shares shall rank pari passu with the existing equity shares of the Company and shall be entitled to dividends and corporate benefits, if any paid/declared by the Company after the allotment.
View all announcements for APOLLO TYRES LTD.	Source: BSE India

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