Apollo Tyres Limited

HDFC Mutual Fund entered Apollo Tyres with 5,83,59,171 shares, a 9.19% stake worth ₹2,512.89 crore at ₹430.65 apiece.

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.

One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.