Warburg Pincus arm trims Apollo Tyres stake for Rs 1,175 crore
What's the deal? Warburg Pincus divested a 4.25% stake in Apollo TyresDealroom has a profile for this one. Try Dealroom → for Rs 1,175 crore through open market transactions on Thursday. The US private equity firm, via its arm Emerald Sage InvestmentDealroom has a profile for this one. Try Dealroom →, sold 2,70,10,000 shares at an average of Rs 435 apiece.
Who's buying? Institutional investors stepped in at the same price. ICICI Prudential Mutual FundDealroom has a profile for this one. Try Dealroom → led, picking up more than 1.9 crore shares — a 3% stake — for Rs 829.98 crore.
SBI Life InsuranceDealroom has a profile for this one. Try Dealroom → acquired 56.32 lakh shares for Rs 245 crore, while Bajaj Life InsuranceDealroom has a profile for this one. Try Dealroom → bought 22.98 lakh shares for Rs 99.96 crore.
The numbers: After the sale, Emerald Sage's holding in the Gurugram-based tyremaker fell to 5.68% from 9.93%. Apollo Tyres shares rose marginally to close at Rs 444.40 on the National Stock Exchange (NSE).
Why now? The exit follows strong quarterly results. Apollo Tyres reported a multi-fold jump in consolidated net profit to Rs 348.87 crore for the quarter ended June 30, 2026, up from Rs 12.88 crore a year earlier.
That prior figure included a Rs 273 crore after-tax hit from restructuring and impairment of its Netherlands plant. Revenue rose to Rs 7,397.79 crore from Rs 6,560.76 crore.
The signal: This is Warburg Pincus's second recent trim. In May 2024, its arm White Iris InvestmentDealroom has a profile for this one. Try Dealroom → sold a 3.54% stake for Rs 1,073 crore, pointing to a steady wind-down of its long-held position.
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Image credit: Generated with Gemini
