Warburg Pincus to invest $150m in Apollo Tyres.

Warburg Pincus, a private equity firm, is set to invest $150m in Apollo Tyres, a manufacturer of tyres. The investment represents a primary capital infusion into the company and is subject to shareholder and regulatory approvals. “I am delighted to announce Warburg Pincus’ investment in Apollo Tyres. Their investment is a strong vote of confidence in our business, management team and growth prospects. I believe the company will benefit from the backing of a large financial investor of their pedigree and our partnership will further strengthen Apollo Tyres’ board and governance,” Onkar S Kanwar, Apollo Tyres Chairman and Managing Director.