Apollo Tyres to restructure African operation

Apollo Tyres purchased Dunlop Tyres International in 2006. Rights to the Dunlop name were sold last year, and the company now intends to restructure its South African operation

Apollo Tyres Ltd has initiated voluntary business rescue proceedings for its Apollo Tyres Africa Proprietary Limited subsidiary. The company has informed the BSE that a specialist has been appointed to restructure its South African operation; the specialist’s evaluation will “decide the future course of action for the company in South Africa.”

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