Grant Thornton's Raja Lahiri elaborates on their report on Indian mergers and acquisitions market. Inbound activity took a beating on the back of the economic slowdown, he says.
Neeraj Kanwar of Apollo Tyres told CNBC-TV18 that he expected the deal with Cooper Tire to be completed by October 2013. He said that part of the company's debt would be repaid by cash flows from Apollo India.
The country's larger tyre manufacturer Apollo Tyres is looking to agressively drive into new emerging markets as growth in its core markets of India, Europe and South Africa stagnate.
Tyre maker, Apollo Tyres expects to clock better margins in the Q3 quarter than seen earlier. Neeraj Kanwar, vice chairman and managing director of Apollo Tyres in an interview to CNBC-TV18 said that the company will post better profit margins in Q3, but its bottomline and margins are still under pressure.