The board of directors of Apollo Tyres Ltd., Mumbai, India, approved the acquisition of the $200 million Dunlop Tyres International (Pty) Ltd.
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Chief Executives
Onkar S Kanwar, Chairman & Managing Director
Neeraj R S Kanwar, Joint Managing Director & COO
Apollo Tyres Ltd Ltd., Mumbai Mumbai (m mbī`, m m`bī), formerly Bombay (bŏmbā`), city (1991 pop. , India, approved the acquisition of the $200 million Dunlop Tyres International (Pty) Ltd. (Dunlop South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. ) in an all cash deal for 100% equity worth about $62 million.
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