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Apollo Tyres Limited. ( (IN:APOLLOTYRE) ) has issued an update.
Apollo Tyres Limited announced that the Hon’ble Madras High Court has quashed the proceedings under Section 74 of the CGST Act against the company, concerning a pending litigation involving a sum of Rs. 2,791 million. This development effectively nullifies the demand, potentially relieving the company of a significant financial liability and positively impacting its financial standing.
More about Apollo Tyres Limited.
Apollo Tyres Limited operates in the automotive industry, primarily focusing on the manufacturing and distribution of tyres. The company is known for its wide range of tyre products catering to various segments, including passenger vehicles, commercial vehicles, and off-road vehicles, with a significant market presence in India and globally.
Average Trading Volume: 65,244
Technical Sentiment Signal: Strong Buy
Current Market Cap: 336.9B INR
See more data about APOLLOTYRE stock on TipRanks’ Stock Analysis page.