The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 27, 2025 for RK ETernanova Pvt Ltd ....
APOLLOTYRE · price
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Awaiting price reaction for this filing.
Onkar Kanwar, on behalf of the promoter group of Apollo Tyres, has reported the creation of a pledge on 984,485 equity shares (0.16% of total share capital) by RK Eternanova Pvt Ltd (formerly Amit Dyechem Pvt Ltd), a promoter group entity, on May 17, 2025. The pledge was created as security in terms of a loan agreement with Gangabase Barter Pvt Ltd. Post this event, the total promoter group holding stands at approximately 37.36% of Apollo Tyres' share capital. The filing has been made with both BSE and NSE as required under SEBI Takeover Regulations.
This is a relatively small pledge creation (only 0.16% of share capital) by a specific promoter group entity as loan collateral. It does not signal any significant change in promoter control or raise immediate concern, though investors may track total pledged promoter shares over time as a proxy for financial stress.