Warburg Pincus trims Apollo Tyres stake in Rs 1,175 crore sale

What's the deal? Warburg Pincus, through its arm Emerald Sage InvestmentDealroom has a profile for this one. Try Dealroom →, sold a 4.25% stake in Apollo TyresDealroom has a profile for this one. Try Dealroom → for Rs 1,174.93 crore via open market transactions on Thursday. The private equity firm offloaded 2,70,10,000 shares of the Gurugram-based tyremaker at an average price of Rs 435 apiece, according to block deal data on the National Stock Exchange (NSE)Dealroom has a profile for this one. Try Dealroom →.

Who's buying? A group of institutional investors picked up the shares at the same price. ICICI Prudential Mutual FundDealroom has a profile for this one. Try Dealroom → led the pack with more than 1.9 crore shares — a 3% stake — for Rs 829.98 crore, followed by SBI Life InsuranceDealroom has a profile for this one. Try Dealroom → with Rs 245 crore and Bajaj Life InsuranceDealroom has a profile for this one. Try Dealroom → with Rs 99.96 crore.

Why now? The sale follows a strong quarter for Apollo Tyres. Earlier this month, the company reported consolidated net profit of Rs 348.87 crore for the quarter ended June 30, 2026, up sharply from Rs 12.88 crore a year earlier, aided by a low base and strong sales across segments.

The year-ago figure included a Rs 273 crore after-tax hit from restructuring and impairment of its Netherlands plant. Revenue from operations rose to Rs 7,397.79 crore from Rs 6,560.76 crore.

By the numbers: After the sale, Emerald Sage's holding in Apollo Tyres fell to 5.68% from 9.93%. Apollo Tyres shares rose marginally to close at Rs 444.40 on the NSE.

The signal: Warburg Pincus is steadily paring its position. 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 — signalling a phased exit as the tyremaker's earnings recover.

Read more: m.dailyhunt.in