Apollo Tyres Limited
SBI Life Insurance bought 56.32 lakh shares of Apollo Tyres for ₹244.99 Cr at ₹435.00 apiece in a block deal.
An established manufacturer of tyres and rubber products, Apollo produces automatic bias and radial tyres, tubes, and related components for various vehicle segments. Operating manufacturing facilities across multiple locations in India, the company serves both original equipment manufacturers and the replacement market through its diverse product portfolio. Its brands cater to two-wheeler, light truck, passenger car, and farm vehicle segments, addressing transportation and agricultural requirements across the domestic market.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.