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Apollo Tyres updates on its South African subsidiary

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Capital Market

On 16 September 2014

Apollo Tyres announced that Apollo Tyres Africa, a wholly owned step subsidiary of the company in South Africa has voluntarily initiated Business Rescue Proceedings and has appointed a specialist to re-structure its operations and to secure best value for all stakeholders. The evaluation by such specialist will decide the future course of action for the company in South Africa.

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First Published: Sep 17 2014 | 9:14 AM IST

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