Goldman Sachs buys Apollo shares

On July 22, Goldman Sachs Singapore PTE acquired 2,768,258 Apollo Tyres shares on the National Stock Exchange of India for Rs 69.70 per share. This gives the investment banking and securities firm a 0.55 per cent holding in the tyre maker.

Yesterday’s transaction follows that of Swiss Finance Corporation, which purchased 6.78 million Apollo shares on the NSE and the Bombay Stock Exchange. These shares were purchased at an average price of Rs 71.  

Related news:

• Swiss Finance acquires 1.34% stake in Apollo

• Morgan Stanley takes 0.5% share in Apollo