Apollo Tyres to Acquire an Additional 3.43% Stake in Green Infra Wind Power Projects Ltd

Apollo Tyres Ltd. has bought an additional 3.43% share in Green Infra Wind Power Projects Limited (GIWPPL). After this deal, Apollo’s total ownership in GIWPPL has increased to 21.27%. 

Details About Green Infra Wind Power Projects Limited

GIWPPL runs a 24 MW wind power project located in Tamil Nadu. Its turnover was ₹235.25 million as of March 31, 2024. The company is a subsidiary of Sembcorp Green Infra Private Limited, and it was incorporated on July 4, 2011. GIWPPL operates only in India.

Transaction Information

• Nature of Acquisition: This is not a related party transaction.  
• Purpose: To procure wind power.  
• Payment Mode: Done through cheque, demand draft or banking channels.  
• Cost: Bought 60,000 shares at ₹10 each, totalling ₹6 lakh.  
• Regulatory Approval: Governed by the Indian Electricity Rules 2005.  
• Completion Timeline: Expected by the first week of May 2025.

Previous Holding and New Position

Before this acquisition, Apollo Tyres already owned 17.84% of GIWPPL by holding 3,12,000 shares. After acquiring the new shares, Apollo’s total ownership has now increased to 21.27% in GIWPPL.

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Share Price Performance 

As of April 29, 2025, at 9:40 AM, Apollo Tyres share price is trading at ₹456.95 per share, reflecting a decline of 0.54% from the previous day’s closing price. Over the past month, the stock has surged by 8.02%. The stock’s 52-week high stands at ₹584.90 per share, while its low is ₹370.90 per share.

Conclusion

The increased investment highlights Apollo Tyres’ commitment to promoting sustainable energy sources. Strengthening its stake in Green Infra supports the company’s broader vision of building a greener and more energy-efficient future.

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