To a promoter group entity
Apollo Tyres announced that the Committee of Directors (Preferential issue) at its meeting held on 19 June 2014 allotted 50 lakh equity shares of Re 1 each, to Classic Auto Tubes (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 lakh 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.
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