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Apollo Tyres

4th-Dec-2019 11:13Source: BSE

Apollo Tyres - Announcement under Regulation 30 (LODR)-Press Release / Media Release

This is related to the article that has appeared in the ''economictimes.indiatimes.com'' dated December 02, 2019 captioned ''Apollo Tyres partners with Al-Jomaih Tyres to enter Saudi Arabia''.

We wish to state that this announcement by the Company is related to its tie-up with a distributor in Saudi Arabia for sales in Saudi Arabia only, through its wholly owned step-subsidiary in Middle East. The tie-up does not have any material impact on the Company as the current sales of Saudi Arabia is less than 0.5 % of Company''s Turnover.

We would, as in the past, promptly inform the stock exchanges and the shareholders about any material development and/or about any event or information which may have a bearing on the performance/operations of the Company, as well as, price sensitive information as per the regulatory requirements under Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015.

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