Corporate News • Apollo Tyres announced closure of - TopicsExpress

Corporate News • Apollo Tyres announced closure of transaction with Sumitomo Rubber Indus tries (SRI), where in SRI takes over Apollo South Af- rica including the Ladysmith passenger car tyre plant, and Dunlop brand rights that Apollo had in 32 countries of Africa, for $ 60mn. • Ashok Leyland reported 27.06% decline in sales at 5,375 units for November 2013. • Reliance Communications hiked its 3G data prices by around 27%, for new connections. • Shipping Corporation of India has taken physical delivery of its new vessel Kamsarmax bulk carrier. The vessel which has capac- ity of 81,696 DWT was purchased on Nov 27.

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