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Apollo Tyres invests in solar energy start-up

Author: Stephen Goodchild Comments: 0

Apollo Tyres Ltd. has acquired a 27.2 shareholding in Indian solar energy firm CSE Deccan Solar, purchasing 1,166,250 shares for a total of Rs 93.3 million (approximately £919,000).

CSE Deccan Solar was set up in February 2019 and is based in Mumbai. The company has yet to begin operations but aims to engage in the generation and distribution of solar energy.

Related news:

  1. Aiming for market leadership: Apollo investing a further £610 million in India
  2. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  3. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
  4. Apollo Tyres suspends production at four plants in India
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