Apollo Tyres : Acquisition

ATL/SEC/21

January 14, 2022

The Secretary,	The Secretary,
BSE Ltd.,	National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers,	Exchange Plaza, C-1, Block G, Bandra Kurla
Dalal Street, Mumbai -400001,	Complex, Bandra (E), Mumbai- 400051
Maharashtra	Maharashtra

Sub: Disclosure pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that the Company has made an investment in the shares of CSE Deccan Solar Private Limited.

Please find enclosed herewith "Annexure A" containing information pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

You are requested to take the same on records.

Thanking You,

Yours Faithfully,

For Apollo Tyres Ltd.

(Seema Thapar)

Company Secretary & Compliance Officer

Registered Office: Apollo Tyres Ltd. 3rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India

CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. [phone], Email:[e-mail]

Annexure A

A. Details which a listed entity needs to disclose for the events that are deemed to be material as specified in Para A of Part A of Schedule III of Listing Regulations

1. Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/ demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary of the listed entity or any other restructuring:

1.1. Acquisition (including agreement to acquire):

S.No.	Particulars	Remarks
a	Name of the target entity, details in brief such as size,	CSE	Deccan	Solar	Private	Limited
	turnover etc	("Company"), incorporated on February 11,
						2019 under the Companies Act, 2013.
						The Company has not yet commenced business.
b	Whether the acquisition would fall within related party	No
	transaction(s) and whether the promoter/ promoter
	group/ group companies have any interest in the entity
	being acquired? If yes, nature of interest and details
	thereof and whether the same is done at "arms length"
c	Industry to which the entity being acquired belongs;	Electric power generation using solar energy (as
						per NIC code 2008)
d	Objects and effects of acquisition (including but not	Apollo Tyres Ltd. is in the business of
	limited to, disclosure of reasons for acquisition of	manufacturing and sale of tyres and owns and
	target entity, if its business is outside the main line of	operates manufacturing facility at Chennai,
	business of the listed entity);	Tamilnadu and has agreed to purchase the
						metered Energy generated from the Captive
						Generating Plant as per the Power Purchase
						Agreement.
e	Brief details of any governmental or regulatory	Not Applicable
	approvals required for the acquisition

Registered Office: Apollo Tyres Ltd. 3rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India

CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. [phone], Email:[e-mail]

f	Indicative time period for completion of the	January 14, 2022 (Date of Allotment)
	acquisition
g	Nature of consideration - whether cash consideration	Cash [Through Banking Channels]
	or share swap and details of the same
h	Cost of acquisition or the price at which the shares are	11,66,250 Equity Shares having face value of
	acquired	INR 10/- (Rupees Ten) each, at the premium of
		INR 70/- (Rupees Seventy) each, thereby
		aggregating the acquisition cost to INR
		9,33,00,000
i	Percentage of shareholding / control acquired and / or	27.20%
	number of shares acquired
j	Brief background about the entity acquired in terms of	CSE Deccan Solar Private Limited ("the
	products/line of business acquired, date of	Company") incorporated on February 11, 2019 is
	incorporation, history of last 3 years turnover, country	a domestic company, and is domiciled in
	in which the acquired entity has presence and any other	Mumbai, Maharashtra, India. The registered
	significant information (in brief)	office of the Company is at Flat No 401/ 4th
		Floor, Shree Guru Harikrishna Bhavan charat
		singh colony, A.K. Road, Andheri East,
		Mumbai, Maharashtra 400093. The Company
		has not yet commenced business. The Company
		will be engaged in the business of generation and
		distribution of solar energy.
For Apollo Tyres Ltd.
(Seema Thapar)
Company Secretary & Compliance Officer

Registered Office: Apollo Tyres Ltd. 3rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India

CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. [phone], Email:[e-mail]