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Apollo Tyres drops QIP plan, scouts for PE funding

By Shrija Agrawal

  • 22 Nov 2012

Apollo Tyres has dropped its plan to raise $150 million through a qualified institutional placement (QIP) and it is now looking to raise around $100 million from private equity investors, sources told VCCircle.The company was planning to acquire NYSE-listed Cooper Tire & Company for up to $800 million, which was ......

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