According to PERE, Apollo has so far raised about $300 million, which is a half way of its target for the fund.
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Acquisition to enhance Candee’s content creation abilities,
Apollo Tyres Ltd has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for €45.6 million (around Rs.324 crore), the company said in a statement on Monday. Reifencom has an online presence in six countries—Germany, France, Italy, Austria, Switzerland and Denmark. Additionally, it operates 37 stores and service… Read more »
Apollo Health and Lifestyle Ltd (AHLL) has raised $67 million for a 29 per cent equity stake from International Finance Corporation (IFC), the private lending arm of the World Bank, according to a press statement. “IFC along with its associated entity has has made a primary equity infusion of Rs… Read more »
IHH holds strategic investment of 10.8 per cent stake in Apollo, which it inherited from the then largest shareholder, Khazanah in 2007.
The investment has been made from the new Asia fund that Apollo Global is currently raising to deploy capital in India, China and south-east Asia.
German reinsurer Munich Re will purchase an additional 23.37% stake in its joint venture insurance business, Apollo Munich Health Insurance Co. Ltd, for Rs.163.5 crore in a transaction that will value the company at Rs.703 crore. The news was first reported by the Business Standard. Munich Re is hiking its… Read more »
Integrated logistics solutions provider Apollo LogiSolutions Ltd (ALS) is in talks with Piramal Capital’s structured financing group (SFG) to raise around Rs300 crore of credit, said two people aware of the development. ALS is 90% owned by Apollo International, which is part of the Onkar Kanwar-promoted diversified business house Apollo… Read more »
The Malaysian fund arm is looking to sell up to 6.7 million shares.
Apollo submitted an indicative offer for Wesfarmers’s stakes in the Curragh and Bengalla mines.