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Article: INDIA'S APOLLO TYRES TO DIVEST ITS STAKE IN MATPL JV COMPANY.
- Article from:
- AsiaPulse News
- Article date:
- October 3, 2005
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MUMBAI, Oct 3 Asia Pulse - Apollo Tyres Ltd (BSE:500877) on Friday said it will divest its stake in its joint venture company Michelin Apollo Tyres Pvt Ltd (MATPL).
The Joint Venture company's board has approved divestment of Apollo Tyres's share-holding in MATPL, which shall be bought over by the Michelin Group and its affiliates, Apollo Tyres informed the Bombay Stock Exchange.
The board has also decided to defer the ...