Apollo Tyres Limited
ICICI Prudential Mutual Fund acquired a new position in Apollo Tyres, buying 70,85,115 shares worth ₹305.15 crore at ₹430.65 apiece, representing a 1.12% stake.
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.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.