Moneycontrol PRO

business

RBI capital control rule not to impact Cooper deal: Apollo

Apollo Tyres on Monday said that the Reserve Bank‘s (RBI) notification to reduce the limit on overseas direct investments (ODI) will not foil the USD 2.5 billion Cooper Tire acquisition, reports CNBC-TV18‘s Ronojoy Banerjee.

first published: Aug 19, 2013 06:11 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347